Photography news, before it happens

Adobe announced another record revenue of $4.89 billion for their Q3/2023 quarter (see previous Adobe’s record revenue reports) – here are financial highlights:

• Adobe achieved revenue of $4.89 billion in its third quarter of fiscal year 2023, which represents 10 percent year-over-year growth or 13 percent in constant currency. Diluted earnings per share was $3.05 on a GAAP basis and $4.09 on a non-GAAP basis.
• GAAP operating income in the third quarter was $1.70 billion and non-GAAP operating income was $2.26 billion. GAAP net income was $1.40 billion and non-GAAP net income was $1.88 billion.
• Cash flows from operations were $1.87 billion.
• Remaining Performance Obligations (“RPO”) exiting the quarter were $15.72 billion.
• Adobe repurchased approximately 2.1 million shares during the quarter.

Adobe will also introduce a new price increase on Creative Cloud plans on November 1, 2023 – see the details on this page.

The latest Adobe CC subscription plan rates can be found here. The different Adobe Creative Cloud options are described here. Additional information on Photoshop and Lightroom is available on this page.

Adobe Creative Cloud subscription can be purchased directly from B&H Photo.

Additional Adobe links:

• The latest Adobe Photoshop release
• List of all new Photoshop features
• Fixed issues in Adobe Lightroom
• Adobe Lightroom Desktop update
• The latest camera support added
• The latest lens support added
• Adobe blog post

Previous Adobe price increases can be found here.

Summary of latest Adobe releases by product:

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