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    Karen Kenny

    Research Analyst at Morgan Stanley

    Karen Kenny is an Equity Analyst at Morgan Stanley; however, based on available search data, there is no publicly accessible professional profile confirming her exact job title, coverage responsibilities, or employment at Morgan Stanley. No comprehensive metrics regarding her stock coverage, investment performance, professional credentials, or career timeline have been found from credible sources, finance data platforms, or LinkedIn. Without further substantiating details, it is not possible to provide a full, accurate account of her professional background or any notable recognitions. Prospective clients or partners may need to contact Morgan Stanley directly for verification of her qualifications and current role.

    Karen Kenny's questions to Shutterstock (SSTK) leadership

    Karen Kenny's questions to Shutterstock (SSTK) leadership • Q1 2024

    Question

    Karen Kenny asked whether the data deals signed in the quarter were recognized ratably and if data revenue grew year-over-year. She also inquired about the organic and inorganic trends driving the significant growth in Shutterstock's contributor base and content library.

    Answer

    CFO Jarrod Yahes confirmed that data deals are increasingly structured for revenue to be recognized over time, which improves visibility but still carries inherent lumpiness. He highlighted that the Data, Distribution, and Services business grew 90% year-over-year. CEO Paul Hennessy explained that contributor and library growth is accelerating due to a flywheel effect; the expanding use case for content in AI data training is attracting a massive influx of new supply, which in turn helps serve both data and traditional creative customers more effectively.

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    Karen Kenny's questions to Shutterstock (SSTK) leadership • Q1 2024

    Question

    Karen Kenny of Morgan Stanley asked if the data deals signed in the quarter were all recognized ratably and for color on the year-over-year growth of data revenue. She also inquired about the organic and inorganic trends driving the significant growth in Shutterstock's contributor base and content library.

    Answer

    CFO Jarrod Yahes responded that while data deals are increasingly structured for revenue recognition over time, the business has an inherent lumpiness. He confirmed the data distribution and services business grew 90% year-over-year. CEO Paul Hennessy explained that contributor and library growth is accelerating because the company opened its aperture to accept content specifically for data training, not just traditional creative use cases. This has created a flywheel effect, attracting a wider range of content that serves both data and creative customers.

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