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CLAIM #4196 · Adobe Systems Incorporated (ADBE) · 2024Q3 earnings call · Sep 12, 2024 · due Dec 31, 2024

We expect a seasonally strong Q4 and then continued innovation should continue to drive growth.

Shantanu Narayen · CEO

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versus commitment · official band 5 percent
Committed
We expect a seasonally strong Q4 and then continued innovation should continue to drive growth.
Reported
In Q4, we achieved revenue of $5.61 billion, representing 11% year-over-year growth.

How to check this claim

Look at: Total company revenue, Q4 FY2024

It came true if: Q4 FY2024 revenue meets or exceeds the high end of company-issued Q4 guidance range

Where: Adobe Q4 FY2024 earnings press release / income statement

In context

ect 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 lot of flow optimizations associated with that. As we look at Creative Cloud, again, we have a broader set of offerings than we've ever had, right? We have things like with Creative Cloud, we have higher-value, higher-priced offers, thanks to AI innovation that's happening in the base plans that are impacting

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2024Q3 earnings call.