MAAT INDEX

CLAIM #4110 · Adobe Systems Incorporated (ADBE) · 2023Q3 earnings call · Sep 14, 2023 · due Sep 14, 2025

We're going to start them late in Q4. And we're going to start it in certain geos only. And then, we're going to have a measured rollout in new countries over the course of the next couple of years.

David Wadhwani · President of Digital Media

PENDING
graded after results covering Sep 14, 2025 are reported

How to check this claim

Look at: Rollout status of pricing changes across geographies (whether pricing changes began late in fiscal Q4 2023 in select geos, with subsequent expansion to new countries)

It came true if: Management commentary confirms pricing changes were initiated in late Q4 FY2023 in limited geographies, and that additional countries were added to the rollout in subsequent quarters

Where: Management commentary on Adobe quarterly earnings calls (Q4 FY2023 through FY2025)

In context

, so GenStudio, and enabling the broad base of marketers to actually use Express in conjunction with the Creative Studio teams using Creative Cloud to really accelerate their use of and creation of content. So that really -- in the context of the short-term contributors, we think that will be really meaningful. We also expect that -- as we do this and drive new users, we expect to see a lot of new users come into the free plans. And that's going to take a little time to ramp. We'll bring them into the Adobe family, get them using the products, and ramp them to greater value over time. So, first and foremost, proliferation on new users. The second thing is going to be on the book of business. And here, we're -- basically, the pricing changes. Just as a reminder, they have a rolling impact. We're going to start them late in Q4. And we're going to start it in certain geos only. And then, we're going to have a measured rollout in new countries over the course of the next couple of years. And then certainly also as it relates to enterprise customers, the renewal timing will probably take about three years, given the multi-year contracts that we have in place. So, net-net, we see this truly as a seminal moment for how we're going to grow the business, but it's going to take a few years to play out, and we're really excited about sort of what this means for bringing new customers into the franchise. Shantanu Narayen: And maybe Kash, just to then tie that all together, in terms of the numbers that we've given for Digital Media ARR, because you asked the question from the beginning of the year, remember, I think we guided to $1.65 billion, if you look at what it is even with our Q4 guide that I think $200 million more than that, $1.86 billion or something to that effect. And s

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2023Q3 earnings call.