Adobe said yesterday that Creative Cloud subscriptions had grown to 5.3 million subscribers in its third fiscal quarter ending August 28, a 90 percent increase from this time last year.
Adobe added 684,000 new subscribers in the quarter and 2.5 million in the previous 12-month period. That brings the company's annual recurring revenue figure for the third quarter to $2.3 billion.
Source: Adobe; note: Adobe's fiscal year ends in November; Q3 2015 ended on August 28
Adobe CEO Shantanu Narayen said perpetual licensees of Photoshop Elements and Lightroom have begun to move to Creative Cloud Photography at an accelerated rate, and that subscriptions are taking off in international markets that had previously lagged behind the U.S. "In the quarter just finished, we saw some great progress in terms of migrating the CS6 base in Japan," he said. "The perpetual [license] business was healthier there later in the cycle, relative to the U.S." He said Adobe is continuing to "migrate" users from CS6 licenses to Creative Cloud subscriptions.
Narayen also said the recently launched Adobe Stock service, which offers flat monthly subscription pricing as an add-on to Creative Cloud, would drive future increases in subscription revenue.
The Adobe Max conference, highlighting the next set of feature additions to the CC applications, kicks off October 5 in Los Angeles
