Summary of Adobe Inc. Conference Call (September 21, 2023) Company Overview - **Company**: Adobe Inc. (NASDAQ: ADBE) - **Participants**: Dan Durn (CFO), Jonathan Vaas (VP of Investor Relations) Key Highlights - **Financial Performance**: - Topline revenue increased by **13% year-over-year** [4] - Digital Media (DME) business grew by **14%** [4] - Subscriptions in Digital Experience (DX) increased by **13%** year-over-year [4] - Operating margin at **46.3%** with **$1.87 billion** in operating cash flow [5] - **Product Innovations**: - Introduction of **Firefly**, a generative AI tool, with a free and premium version priced at **$5/month** [7] - Price increases for Creative Cloud applications: **$2** for individual SKUs and **$5** for all apps SKUs, effective November 1 [7] - Strong uptake in Document Cloud and Acrobat products, with significant growth in mobile and web applications [5] Pricing Strategy - **Pricing Philosophy**: Focus on pervasive adoption of technology, with modest impacts from price increases expected in Q4 [8] - **Generative Credits**: New subscription model for generative credits, where one credit equals one generation, aimed at enhancing user engagement [15] Customer Engagement - **Beta Program Success**: - **3 million downloads** during the beta phase of Photoshop and Illustrator with Firefly, leading to over **2 billion generations** [10] - High customer enthusiasm and engagement noted, indicating strong community response [10] Market Positioning - **Global Rollout**: Initial rollout in the Americas and Europe, with plans for global expansion [12] - **Competitive Landscape**: Adobe positioned as a safe option for enterprises, leveraging its unique insights into creative processes and workflows [42] Future Outlook - **Q4 Guidance**: Raised implied guidance for Q4 net new ARR to **$1.75 billion**, reflecting strong business momentum [25] - **Long-term Strategy**: Continued focus on innovation and execution to drive value for investors, with a commitment to maintaining mid-40s operating margins [41] Industry Dynamics - **Macro Environment**: Adobe's business model is resilient, with strong performance despite macroeconomic challenges [37] - **Generative AI Impact**: Anticipated to enhance customer engagement and create new monetization opportunities, particularly with enterprise clients [48] Additional Insights - **Document Cloud Growth**: Document Cloud business growing steadily at **17-18%**, driven by product-led growth strategies [62] - **Acquisition of Figma**: Ongoing engagement with regulators, with confidence in the transaction's merits despite scrutiny [50] Conclusion - Adobe is leveraging its innovative capabilities, particularly in generative AI, to enhance customer engagement and drive growth across its product lines. The company remains focused on maintaining strong financial performance while navigating a complex macroeconomic landscape.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 2, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15175 ADOBE INC. (Exact name of registrant as specified in its charter) __________________________ ...

Adobe Inc. (NASDAQ:ADBE) Q2 2023 Earnings Conference Call June 15, 2023 5:00 PM ET Corporate Participants Jonathan Vaas - Vice President, Investor Relations Shantanu Narayen - Chairman and Chief Executive Officer David Wadhwani - President, Digital Media Anil Chakravarthy - President, Digital Experience Dan Durn - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Turrin - Wells Fargo Securities Saket Kalia - Barclays Kirk Materne - Evercore ISI Mark Moerdler - Bernste ...

Adobe Inc. (NASDAQ:ADBE) MoffettNathanson's Inaugural Technology, Media, and Telecom Conference May 18, 2023 11:00 AM ET Company Participants Scott Belsky - Chief Strategy Officer and EVP, Design & Emerging Products Conference Call Participants Sterling Auty - MoffettNathanson Sterling Auty We're all set. All right. Thanks, everyone, for joining us. My name is Sterling Auty. I'm a software analyst here at SVB MoffettNathanson. Very happy to have with us, Scott Belsky, who is the Chief Strategy Officer, Hea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 3, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15175 ADOBE INC. (Exact name of registrant as specified in its charter) _________________________ ...

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Adobe Inc. (NASDAQ:ADBE) Q1 2023 Earnings Conference Call March 15, 2023 5:00 PM ET Company Participants Jonathan Vaas - Vice President, Investor Relations Shantanu Narayen - Chairman and Chief Executive Officer David Wadhwani - President, Digital Media Anil Chakravarthy - President, Digital Experience Dan Durn - Executive Vice President and Chief Financial Officer Conference Call Participants Brad Zelnick - Deutsche Bank Alex Zukin - Wolfe Research Keith Weiss - Morgan Stanley Jake Roberge - William Blair ...