Adobe Non-GAAP EPS of $3.40 beats by $0.06, revenue of $4.43B misses by $10M
Adobe press release (NASDAQ:ADBE): Q3 Non-GAAP EPS of $3.40  beats by $0.06.
Revenue of $4.43B (+12.7% Y/Y)  misses by $10M.
Digital Media segment revenue was $3.23B, which represents 13% year-over-year growth or 16% in constant currency. Creative revenue grew to $2.63B, representing 11% year-over-year growth or 14% in constant currency. Document Cloud revenue was $607M, representing 23% year-over-year growth or 25% in constant currency.

Net New Digital Media Annualized Recurring Revenue (âARRâ) was $449M, exiting the quarter with Digital Media ARR of $13.40B. Creative ARR grew to $11.15B and Document Cloud ARR grew to $2.25B.
Digital Experience segment revenue was $1.12B, representing 14% year-over-year growth or 15% in constant currency. Digital Experience subscription revenue was $981M, representing 14% year-over-year growth or 15% in constant currency.
Cash flows from operations were $1.70B.
Remaining Performance Obligations (âRPOâ) exiting the quarter were $14.11B.
Adobe repurchased approximately 5.1M shares during the quarter.

Q4 Guidance: Total revenue $4.52B vs. $4.60B consensus, Non-GAAP EPS $3.50 vs. $3.47 consensus.
Shares -8.81% PM.