Welcome to our dedicated page for Getty Images Holdings news (Ticker: GETY), a resource for investors and traders seeking the latest updates and insights on Getty Images Holdings stock.
Getty Images Holdings, Inc. (NYSE: GETY) is a global leader in visual content creation and distribution. The company provides comprehensive visual content solutions through its brands Getty Images, iStock, and Unsplash. With a mission to enhance engagement through top-tier creative and editorial visual content, Getty Images serves customers in nearly every country across the globe.
Founded on nearly three decades of visual consultancy, Getty Images has evolved to integrate cutting-edge technology, including artificial intelligence and machine learning, into its platform. This advancement enhances their search functionality, image editing, and integrated APIs, making them the go-to source for diverse and inclusive content.
The company operates in various regions including the Americas, Europe, the Middle East, Africa, and Asia-Pacific, with the bulk of its revenue generated from the Americas. They cover more than 160,000 news, sports, and entertainment events yearly, providing unmatched breadth and depth of coverage.
Getty Images recently announced a multi-year partnership with the United Football League (UFL) to deliver exclusive high-quality imagery from every game. They are also the official photographer or photographic partner to 125 of the world's leading sports governing bodies, leagues, and clubs, including FIFA, NBA, and the International Olympic Committee.
Moreover, Getty Images continues to innovate in capturing major global events. For instance, they will deploy a team of 140 photographers and editors to cover the Olympic Games Paris 2024, using new technologies to capture unique angles and real-time images for a global audience.
Their commitment to authenticity extends to the adoption of generative AI technologies, allowing customers to create commercially safe visuals. With over 557,000 contributors and 320 content partners, Getty Images maintains one of the largest privately-owned photographic archives, providing a rich historical context for modern visual storytelling.
In recent financial developments, Getty Images has shown resilience and adaptability, focusing on key performance indicators to drive shareholder return and customer satisfaction.
iStock has released its 2025 Marketing Trends Report, highlighting strategies for businesses in a trust-driven marketplace. Key findings show that 81% of consumers distrust social media content, while 64% trust businesses over celebrities or influencers. The report identifies three major trends:
1. Real-User Content (RUC) is replacing traditional influencer marketing, with 67% of people finding traditional ads more authentic than sponsored influencer posts.
2. Radical honesty is becoming crucial, with 98% of consumers valuing authentic images and videos for building trust.
3. Trust-centric AI usage is growing, with 86% of consumers supporting AI-generated content when properly labeled and 74% accepting it when used ethically.
Getty Images (NYSE: GETY) and Clarifai have announced a strategic partnership to integrate Getty's generative AI capabilities into Clarifai's platform. The collaboration will provide Clarifai's enterprise customers with access to AI-generated visuals through Getty Images' API, ensuring legally protected and commercially safe content.
The service is powered by NVIDIA AI and Edify, trained exclusively on Getty Images' creative library. Customers can generate custom visual content tailored to specific requirements, with initial trial operations available for free and volume-based discounts. The integration can be utilized within Clarifai's broader AI-powered workflow for computer vision, classification, and automation solutions.
Getty Images (NYSE: GETY) has released its 2024 Year In Review, showcasing the year's most significant visual moments through a comprehensive collection of images and videos. The company's editorial team covered over 160,000 events worldwide, including global elections, the Paris Olympics, climate disasters, and major cultural events.
The review highlights Getty Images' role in documenting important moments while addressing the growing importance of authentic visual content in an era of AI advancement. Their VisualGPS research reveals that 90% of people globally seek trustworthy visuals, though 62% struggle to distinguish between real and artificial content.
Getty Images (NYSE: GETY) has announced a strategic content integration with TikTok, enabling advertisers to access Getty's premium creative content library through TikTok's AI-powered Symphony Creative Studio. This integration allows businesses to create TikTok-first ads and organic content more efficiently, leveraging Getty's extensive collection of images and videos. The collaboration is part of TikTok's broader expansion of tools to support advertisers and content creators, making the creative production process more streamlined while ensuring commercially safe content globally.
Getty Images (NYSE: GETY) has enhanced its generative AI tools with new features focused on product placement and reference image capabilities. The update, available on both Generative AI by Getty Images and iStock platforms, enables businesses to create customized product imagery more efficiently. Users can now upload proprietary product images and generate custom backgrounds with realistic lighting and shadows. The new reference image feature allows control over color palettes and compositions to maintain brand consistency. These tools aim to streamline content creation workflows while ensuring commercial safety and professional quality.
Getty Images (NYSE: GETY) reported Q3 2024 results with revenue of $240.5 million, up 4.9% year-over-year (5.4% currency neutral). The company posted a net loss of $2.5 million, compared to an $18.4 million loss in Q3'23. Adjusted EBITDA reached $80.6 million with a 33.5% margin.
Key highlights include nearly 50% growth in annual subscribers, with subscriber revenue representing 52.4% of total revenue. The company demonstrated growth across Getty Images, iStock, and Unsplash+ platforms, as well as all customer categories. Based on strong performance, management raised both Revenue and Adjusted EBITDA guidance for 2024.
Getty Images Holdings, Inc. (NYSE: GETY), a leading global visual content creator and marketplace, has announced the release date for its third quarter 2024 financial results. The company will disclose its results after market close on Thursday, November 7, 2024, followed by a conference call at 4:30 p.m. Eastern Time to discuss the findings.
Interested parties can access the conference call via phone by dialing 1-800-717-1738 (US) or 1-646-307-1865 (international). An audio replay will be available for two weeks, accessible by dialing 1-844-512-2921 (US) or 1-412-317-6671 (international) with the passcode 1153941. Additionally, a simultaneous webcast of the call will be available on the company's Investor Relations website, with a replay option available shortly after the call.
iStock, a leading e-commerce platform for visual content, has unveiled a 10-step guide to help businesses master the craft of prompting for AI-generated images. The guide aims to assist SMBs and SMEs in leveraging AI for their visual content needs. Key steps include:
1. Ensuring commercial safety and legal protection
2. Starting with a clear vision
3. Being detailed and specific
4. Describing the scene's environment
5. Highlighting key elements
6. Incorporating emotions and mood
7. Including action or dynamics
8. Considering perspective and angle
9. Reviewing, refining, and iterating
10. Prioritizing authenticity
The guide emphasizes the importance of crafting effective prompts to transform ideas into stunning visuals using AI tools. It also highlights the need for transparency, as 90% of people want to know if an image is AI-generated, according to iStock's VisualGPS report.
Getty Images (NYSE: GETY) has been named the Official Photographer of the 2024 Toronto International Film Festival (TIFF), continuing a longstanding partnership. The festival runs from September 5-15, during which Getty's award-winning photographers will capture exclusive images from red carpet premieres, screenings, parties, and special events.
All images will be distributed through gettyimages.com. Getty Images will donate a portion of proceeds from pre-selected red carpet premieres to the Every Story fund, an initiative promoting diversity, equity, inclusion, and belonging in film. This aligns with TIFF's goal of challenging the status quo and celebrating diverse storytellers.
Getty Images covers nearly 70,000 entertainment events annually, partnering with major brands on creative content strategy.
Getty Images (NYSE: GETY), a leading global visual content creator and marketplace, has announced its role as the Official Photographic Agency for the Paris 2024 Paralympic Games. The company will deploy its award-winning team to capture and deliver thousands of images throughout the event, from the Opening Ceremony on August 28th to the Closing Ceremony on September 8th.
Getty Images will utilize innovative and proprietary technology to document the Games, emphasizing their commitment to increasing visibility for the disability community and challenging perceptions. The company also continues its support for Team USA as the Official Photographic Licensee and maintains its role as an Official Licensee for the LA28 Olympic and Paralympic Games.
With a track record of nearly three decades in sports photography, Getty Images serves as the official photographer or photographic partner to over 125 leading sports organizations worldwide, covering more than 50,000 sporting events annually.
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