Growth OutlookThe long-term growth outlook for the Consumer segment was reduced to 6%-10% from 8%-12%, indicating struggles in achieving previous growth targets.
Revenue Model TransitionRevenue from the QuickBooks Desktop Ecosystem is expected to decline due to the transition to a recurring subscription model, which may impact short-term financial performance.
User Base DeclineIntuit lost 1.6 million low-income TurboTax filers during the 2023 tax season, highlighting challenges in retaining budget-conscious customers.