Danny Piper's questions to Getty Images Holdings Inc (GETY) leadership • Q1 2025
Question
Danny Piper of JPMorgan Chase & Co. requested an update on Getty's proprietary generative AI offering, including client adoption and revenue, and asked for color on how client spending trends tied to macro uncertainty have evolved.
Answer
CEO Craig Peters reported that Getty's AI tool has steady but not accelerating adoption, representing low single-digit customer penetration and single-digit millions in revenue. He noted a key use case is modifying existing images, leading Getty to bundle the AI tool into subscriptions. CFO Jennifer Leyden clarified that the slowdown in the agency business, down about 9% YoY, is a typical early indicator of macro uncertainty, rather than a reaction to a specific event like tariffs, a trend also observed on agency earnings calls.