Adobe Q3 ‘Uneventful’ Even As AI ARR Tops $650M, Jefferies Says — Citi Flags Slowing Growth
Adobe raised full-year revenue and earnings targets after record third-quarter revenue. Jefferies and Citi cut price targets, according to TheFly. Adobe’s Q3 revenue rose 13% to $6.76 billion, while total ending annualized recurring revenue reached $27.50 billion. AI-first ending annualized recurring revenue exceeded $650 million and grew more than 150%, while creative freemium monthly active … Read more