CLAIM #4195 · Adobe Systems Incorporated (ADBE) · 2024Q3 earnings call · Sep 12, 2024 · due Dec 31, 2024
“We would expect Creative to again grow when you talk about growth-over-growth, net new ARR in Q4.”
Shantanu Narayen · CEO
How to check this claim
Look at: Creative segment net new ARR, year-over-year growth (growth-on-growth basis), Q4
It came true if: Q4 FY2024 Creative net new ARR growth-on-growth basis is positive (greater than prior year Q4 net new ARR growth)
Where: Management commentary on Q4 FY2024 earnings call / investor materials (ARR disclosure)
In context
“n David can certainly also add to that. I mean, to your point, we had a strong quarter, when I think about Digital Media, Document Cloud to the point that you made, Acrobat continues to perform the AI Assistant, and the SKU that we have associated with Acrobat continues to perform well. As we had said, we expect Creative to show a growth-on-growth year-over-year, and so that also played out exactly as we expected. And you know it was a strong end, when you look at it as it relates to the last few weeks' performance, we saw the typical strength that we would see going into Q4. I can see how you're saying, you're looking at the sequential guide. We're looking at it and saying it's the strongest ever Q4 target that we have put out there for Q4, Alex. And so I think we just continue to focus. We would expect Creative to again grow when you talk about growth-over-growth, net new ARR in Q4. And all of the new initiatives that we're talking about, AI, et cetera, continue to perform. So from our perspective, when we look at what we guided to the second half of the year, to your point, Q3 is stronger. We expect a seasonally strong Q4 and then continued innovation should continue to drive growth. David Wadhwani: Yeah and maybe I'll just add a couple of things to what Shantanu, said. Again, just a little bit more context behind the strength in Document Cloud. Obviously, link sharing and what we've done with reader distribution across mobile, web, and desktop, that's really what continues to drive this business, and that underlying strength is going to continue not just in Q3, but it's going to be something that we're able to bet on and grow on going forward because we've got a lo”
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SEC filings for ADBE ↗ · Claim quote is verbatim from the 2024Q3 earnings call.