CLAIM #4168 · Adobe Systems Incorporated (ADBE) · 2024Q2 earnings call · Jun 13, 2024 · due Nov 29, 2024
“Given this rich product roadmap, focus on execution and customer demand in the first half of the year, we are pleased to raise our annual Digital Media net new ARR, Digital Experience subscription revenue and EPS targets.”
Shantanu Narayen · CEO
How to check this claim
Look at: Full-year Digital Media net new ARR, Digital Experience subscription revenue, and diluted EPS (non-GAAP), as compared to previously issued full-year targets
It came true if: Reported full-year figures meet or exceed the raised full-year targets given on this call for all three metrics (Digital Media net new ARR, Digital Experience subscription revenue, and EPS)
Where: Company press release / investor relations guidance and Q4 FY2024 earnings report (10-K / earnings call)
In context
“Business to address the massive content supply chain opportunity. Our approach to empower marketers to quickly plan, create, manage, activate and measure on-brand content is resonating with customers and validating our leadership across data, content and journeys to deliver personalized experiences at scale. We're extending our applications to integrate third-party text, image and video models and partnering strategically to create multi-modal large language models offering customers greater choice in tools and further enhancing the value of our leading applications and solutions. We're driving strong usage, value and demand for our AI solutions across all customer segments and seeing early success monetizing new AI technologies across our Digital Media and Digital Experience businesses. Given this rich product roadmap, focus on execution and customer demand in the first half of the year, we are pleased to raise our annual Digital Media net new ARR, Digital Experience subscription revenue and EPS targets. I'll now turn it over to David to discuss the momentum in our Digital Media business. David Wadhwani: Thanks, Shantanu. Hello everyone. In Q2, we achieved net new Digital Media ARR of $487 million and revenue of $3.91 billion, which grew 12% year-over-year. On the Document Cloud side, PDF has become a global standard for automating business and consumer workflows, and Acrobat is the platform of choice to view, edit, share and collaborate with these documents. We continue to see steady growth in monthly active users of our Document Cloud solutions, including Acrobat Reader, Acrobat Standard and Pro, and our signature, share and review workflows across mobile, web and desktop. The introduction of Acrobat AI Assistant, made generally available in April for English documents, marks the beginn”
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SEC filings for ADBE ↗ · Claim quote is verbatim from the 2024Q2 earnings call.