UPDATE—Sept. 12, 2024: This article has been updated to reflect more recent share price information.

Adobe (ADBE) is scheduled to release its fiscal third-quarter results after the bell Thursday, with investors likely watching to see whether the company can build on its momentum with 澳洲幸运5开奖号码历史查询:artificial intelligence (AI). 

Analysts expect the software company to post third-quarter revenue of $5.37 billion, up 10% year-over-year, according to estimates compiled by Visible Alpha. Net income🌊 is projected to rise 12% to $1.57 billion, or $3.51 per share. 

Key Metric: Digital Media Revenue 

Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, delivered net-new annualized recurring revenue (ARR) of $487 million in the second quarter, up from $470 million a year earlier. The gains helped Adobe post 澳洲幸运5开奖号码历史查询:better-than-expected results, send🔯ing shares up over 14% the day after the numbers landed.

Analysts are projecting a slight decline in net new Digital Media ARR in the third quarter, to $462 million, according to Visible Alpha. Oppenheimer analysts suggested investors could still see a “reacceleration” of the measure in the second half of the year.

Business Spotlight: AI Integration

Investors will also likely watch for updates on the monetization of Adobe’s AI offerings, with the company previously noting that many Creative Cloud subscribers are upgrading their plans to access Fireflyﷺ, its generative AI model. In addition to Firefly, the company introduced generative AI into Document Cloud as well as Adobe Express for business. 

The company may also unveil new AI services at its Adobe MA💖X conference in October. Oppenheimer analysts said they expect the possible reveal of “generative video, editing, and audio dubbing solutions approaching beta.”

Shares of Adobe have surged nearly 26% since the company released its stronger-than-expected results for the second quarter, though they've still lost roughly 3% this year so far.