Getty Images Holdings, Inc. (NYSE:GETY) Q2 2024 Earnings Conference Call August 12, 2024 8:30 AM ET Company Participants Steven Kanner - Vice President of Investor Relations & Treasury Craig Peters - Chief Executive Officer & Director Jennifer Leyden - Senior Vice President & Chief Financial Officer Conference Call Participants Cory Carpenter - JPMorgan Ron Josey - Citi Mark Zgutowicz - Benchmark Tim Nolan - Macquarie Operator Good morning, and welcome to Getty Images Second Quarter 2024 Earnings Conference ...

Getty Images Holdings, Inc. (GETY) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise. Over the last four quarters, the com ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to GETTY IMAGES HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or ...

Getty Images Reports Second Quarter 2024 Results • Revenue Growth of 1.5%, Currency Neutral Growth of 2.1% • Editorial Business Back in Strong Growth of 4.1%, Currency Neutral Growth of 4.6% • Annual Subscription Revenue Grew 5.2%, Represents 52.9% of Total Revenue New York, NY, August 9, 2024 – Getty Images Holdings, Inc. ("Getty Images" or the "Company") (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the second quarter ended June 30, 2024. "W ...

Revenue Growth of 1.5%, Currency-Neutral Growth of 2.1% Editorial Business Back in Strong Growth of 4.1%, Currency-Neutral Growth of 4.6% Annual Subscription Revenue Grew 5.2%, Represents 52.9% of Total Revenue NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. ("Getty Images" or the "Company") (NYSE: GETY), a preeminent global visual content creator and marketplace, today reported financial results for the second quarter ended June 30, 2024. "We returned to growth in the second quarter ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. ("Getty Images") (NYSE:GETY) a preeminent global visual content creator and marketplace, announced that it has updated the timing of its second quarter 2024 earnings release. The Company now intends to release its results prior to the market open on Friday, August 9, 2024. As previously announced, the company will conduct a conference call on Monday, August 12, 2024 at 8:30 a.m. (Eastern Time) to discuss the company's results. The confe ...

Core Insights - Getty Images has renewed its partnership with Canva, enhancing access to millions of creative image and video assets for Canva's customers [1][2] - The renewed partnership will also support Canva's development of responsibly trained generative AI tools, as part of Canva's $200 million Content Fund [2][3] - Getty Images boasts over 572 million visual assets, providing unmatched depth, breadth, and quality in visual communications [3] Company Overview - Getty Images is a leading global visual content creator and marketplace, known for its extensive library of high-quality images and videos [1][3] - The company has been partnered with Canva since 2018, contributing millions of assets to Canva's content library [2] Partnership Details - The multi-year renewal of the partnership signifies a commitment to enhancing user access to high-quality visual content [1][3] - Both companies express excitement about the collaboration, emphasizing the importance of responsible AI development and the benefits it brings to creators [3]

Core Insights - Getty Images has launched its first-ever joint editorial photography internship program in collaboration with Canon U.S.A., aimed at nurturing the next generation of visual content creators [2][4]. Group 1: Internship Program Details - The internship program will allow three successful applicants to work alongside leading photographers and visual content experts in the fields of News, Sport, and Entertainment [2][3]. - Interns will receive hands-on experience in capturing editorial content, client relations, video editing, and visual storytelling using Canon's advanced camera equipment [5]. - The program is open to applicants aged 18 and older, with a particular encouragement for underrepresented groups in photography to apply [4][6]. Group 2: Benefits and Opportunities - Upon completion of the internship, participants will receive portfolio and media placement, a professional recommendation from Getty Images, and potential consideration for future staff positions [6]. - The program aims to enhance the quality of editorial coverage and storytelling by incorporating fresh perspectives from the interns [4].

A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, today announced its first-ever joint editorial photography internship program across News, Sport and Entertainment, with support from its imaging partner, Canon U.S.A., Inc. Three successful applicants based in the United States will have the opportunity to work alongside and learn from world l ...

Core Insights - Getty Images has launched an updated model for its generative AI services, significantly enhancing output speed and quality, with generation speeds reaching around 6 seconds for 4 images, doubling the performance of the previous model [4][5] - The updated model includes advanced features such as improved 4K upscaling, longer prompt capabilities (up to 250 words), and better alignment with user prompts, allowing for more detailed and accurate image generation [5][6] Model Enhancements - The updated model is based on the NVIDIA Edify architecture, part of NVIDIA Picasso, which focuses on generative AI for visual design [1] - Key improvements include faster generation times, enhanced detail in images, and expanded support for complex prompts, enabling users to create high-quality visuals more efficiently [4][5] AI Modification Capabilities - The company has introduced AI modification features that allow users to modify generated images and existing creative images, including adding or changing elements, extending the canvas, and removing backgrounds with a single click [2] - These features are currently available on iStock and will soon be available on Getty Images [2] Fine-Tuning Capabilities - Getty Images has released fine-tuning capabilities that enable enterprise customers to create tailored models using their brand assets, ensuring compliance with intellectual property rights [3] Industry Impact - The advancements in generative AI tools are designed to benefit a wide range of industries, providing professionals with powerful tools to enhance their creative workflows and experiment safely with AI [6] - The model is trained exclusively on Getty Images' creative library, ensuring indemnification for commercial use, which supports the company's commitment to responsible AI-generated imagery [9]