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Adobe's AI is Out for General Release

Adobe (NASDAQ: ADBE) recently reported its quarterly results that continued to outpace market expectations. Like most of the tech industry, Adobe is also focused on AI and recently graduated Firefly, its AI model, out of its beta release. Adobe's Financials Adobe's third quarter revenues grew 13% year to $4.89 billion, ahead of the market's estimates of $4.85 billion. Adjusted EPS of $4.09 also beat analyst estimates of $3.97. By segment, revenues from the Digital Media segment grew 14% to $3.59 billion with Creative revenue up 14% to $2.91 billion and Document Cloud up 15% to $685 million. Revenues from the Digital Experience segment grew 11% to $1.23 billion. Digital Media Annualized Recurring Revenue (ARR) grew to $14.6 billion. Net new Digital Media ARR came in at $464 million. Creative ARR grew to $11.97 billion, and Document Cloud ARR grew to $2.63 billion. Adobe expects to end the fourth quarter with revenues of $4.975-$5.025 billion and non GAAP EPS of $4.10-$4 ....

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Adobe's New Products, Pricing Overshadow FQ3 Earnings

Adobe's New Products, Pricing Overshadow FQ3 Earnings
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