MAAT INDEX

CLAIM #4162 · Adobe Systems Incorporated (ADBE) · 2024Q1 earnings call · Mar 14, 2024 · due Nov 29, 2024

We're confident in the targets that we put out there, our ability to meet them. If there's an opportunity to do better, we certainly will.

Shantanu Narayen · CEO

PENDING
graded after results covering Nov 29, 2024 are reported

How to check this claim

Look at: Digital Media segment ARR, full fiscal year 2024 (as reported net new ARR / year-end ARR)

It came true if: Full-year Digital Media ARR guidance (as reiterated on this call) is met or exceeded

Where: Company earnings release / 10-K disclosure of Digital Media ARR (Q4 FY2024 call)

In context

quarter to accelerating Creative ARR in the second half to maybe doing better than $1.9 billion in the full year for Digital Media ARR. My question is very simple. Can you reiterate -- not update, but reiterate the guide that you gave in December for Digital Media ARR in net news specifically for this year, and maybe puts and takes around how we should think about to the question earlier, the second half versus first half tailwind, headwind around pricing? Shantanu Narayen: Yeah. So we take our guide seriously. Q1 played out as expected. It was ahead of where we were last year. Our Q2 guide is ahead of where the guide was in Q2. We're talking about acceleration into the back half of the year. If I didn't feel like our full-year guide was achievable, we would have a different conversation. We're confident in the targets that we put out there, our ability to meet them. If there's an opportunity to do better, we certainly will. So we feel good about where we sit in the first half. And as we look forward into the second half, the momentum we see from an innovation standpoint integrating into our products, what we see going from beta to GA, we feel good about the momentum into the second half. Alex Zukin: Perfect. Thank you, guys. Operator: And your next question comes from the line of Karl Keirstead with UBS. Go ahead. Karl Keirstead: Thank you. Dan, maybe I'll continue with this subject that Alex was getting at. So I think what's tough about modeling ARR of late is it's very difficult to see the impact of the price actions. It feels like a black box to us. So I'm wondering if you could help us get aligned for the second half, and offer some qualitative color on the extent to which the prior period price actions

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2024Q1 earnings call.