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Stock impact report

Adobe's CFO on using AI to hit a $21.5 billion revenue target and stand out among peers including Canva [Fortune]

trivago N.V. - American Depositary Shares (TRVG) 
Last trivago n.v. - american depositary shares earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.trivago.com
Company Research Source: Fortune
models, including some that allow firms to leverage their IP and branding and offer an AI assistant. But what is Adobe's overall AI strategy? Dan Durn, CFO and EVP of finance, technology services, and operations, said it all comes down to adding value for customers, democratizing access, and expanding opportunities for modernization. Adobe, no. 233 on the Fortune 500, said at last week's conference that in 2024 it has a total addressable market of $205 billion, and that it will reach a TAM of approximately $293 billion by 2027 largely because of AI. For fiscal year 2024, Adobe has a total revenue target of $21.3 billion to $21.5 billion. That forecast includes $15.75 billion to $15.85 billion in digital media segment revenue plus digital experience subscription revenue from $4.75 billion to $4.8 billion. New subscriptions for cloud services continue to be the predominant driver of growth—as a percentage of revenue, they're now responsible for close to 95%, compared with just 2 Show less Read more
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