New AI Content Licensing Deals
Getty Images Holdings, Inc. inked multiple deals to allow AI large language models and search experiences to utilize their content, including a multiyear agreement with Perplexity.
Increase in Premium Access Revenue
Premium access revenue grew by 17% year-on-year, benefiting from a large renewal with a meaningful upsize in scope and term.
Growth in Subscription Revenue
Annual subscription revenue was 58.4% of total revenue, up from 52.4% in Q3 of last year, representing year-on-year growth of 11.2% or 9.3% on a currency-neutral basis.
Positive Legal Outcome
Getty Images Holdings, Inc. won a trademark infringement case against Ability.ai in the UK, affirming their copyright-protected works were used to train stable diffusion.