“The impact of this, we think, for Q2 will be fairly minimal because it takes time to roll this out globally, and it takes time for customers to go through their renewal cycles where their prices change. But we expect it to have a more significant impact and build-out in Q3 and Q4.”

In context

“We’ve added millions of stock assets and thousands of fonts. And we’ve also introduced new offerings. Obviously, Acrobat across web and mobile has been growing for the last few years, and you heard us talk – last year or 2, you heard us talk about that in the prepared remarks. But also CCX is now in market across web and mobile. And the early success we’re seeing with these new offerings across web and mobile and across Acrobat and CCX has really been the catalyst for these pricing adjustments that we’re looking at doing. They let us introduce the right value with the right onboarding experience and the right pricing to attract millions of new subscribers. And they provide us the opportunity to right-size the value where engagement and usage is highest in our core existing customer base. The impact of this, we think, for Q2 will be fairly minimal because it takes time to roll this out globally, and it takes time for customers to go through their renewal cycles where their prices change. But we expect it to have a more significant impact and build-out in Q3 and Q4. Brent Thill: Thank you. Operator: Thank you. We will take our next question from Alex Zukin with Wolfe Research. Alex Zukin: Hi, guys. So maybe to think – to ask Brent – to ask the question a different way, if you think about Adobe has been around for a long time through many business cycles, as we – as you look at the pipeline of activity for the back half of the year and you think about the – where – how investors should think about it in a more recessionary, inflationary environment, can you just give us some color around how you think about the pipeline development, how you think about any changes with respect to the shape of the year and seasonality? And then maybe just a financial question, I think there is just a better understanding of how the mechanics of the NRR are shaping up f”