Getty Images reports Q3 EPS (5c), consensus 4c

Reports Q3 revenue $229.3M, consensus $228.14M. “While we continue to operate in a challenging environment, we saw progress in a number of key areas in the third quarter, notably continued growth across Ecommerce where annual subscriber numbers were up across target markets,” said Craig Peters, Chief Executive Officer for Getty Images. “The quarter also saw us launch our generative AI service in partnership with NVIDIA which addresses fundamental customer needs around quality and commercial safety in use of generative content. Trained solely off our content and data, our tool provides commercially safe, non-infringing high-quality imagery with uncapped indemnification. We continue to focus on how and where our highly differentiated and industry-leading content and services can provide value to our customers to deliver growth for the company in the long term.”