Emerging Business GrowthStudios revenue doubled year over year, and a partnership with TikTok was signed, indicating significant momentum in emerging businesses.
Financial PerformanceShutterstock reported better-than-expected 3Q24 results, with revenue and EBITDA significantly above consensus.
Strategic PartnershipsThe Data, Distribution, and Services segment showed strength with a key area of growth being Giphy, which saw an increase in content views and a partnership with TikTok.