Updated Q4FY2019 Financial Targets November 4, 2019 Revenue ~$2.97 billion Digital Media segment revenue ~20% year-over-year growth Digital Experience segment revenue ~23% year-over-year growth Net new Digital Media ARR ~$475 million Non-operating expense ~$20 million Tax rate GAAP: ~11% Non-GAAP: ~11% Earnings per share GAAP: ~$1.68 Non-GAAP: ~$2.25 Share count ~490 million shares The information discussed on this slide contains forward looking statements that involve risk and uncertainty. Actual results may differ materially. For a discussion of these risks and uncertainties, you should review Adobe’s SEC filings. Please see our investor relations website for a discussion of these targets and a detailed reconciliation between GAAP and non-GAAP targets. © 2019 Adobe. All Rights Reserved.