Adobe Hits 1B Monthly Users, Raises Full-Year Outlook After Q3 Beat
ADBE sits 28% above its 52-week low of $190.12.
Summary
Adobe reported Q3 revenue of $6.76B, up 13% YoY, beating estimates of $6.69B, with adjusted EPS of $6.13 vs. $6.08 expected. The company reached 1 billion monthly active users, a key milestone for its freemium AI strategy. Full-year guidance was raised: adjusted EPS to $24.45-$24.50 (from $24.35-$24.45) and revenue to $26.576B-$26.626B (from $26.5B-$26.6B). Q4 guidance of $6.30-$6.35 adjusted EPS and $6.8B-$6.85B revenue is roughly in line with consensus. Total ARR rose 11% to $27.5B in Q3. The leadership transition to Anil Chakravarthy as CEO effective Dec 1 adds a layer of uncertainty, but the strong operational performance is the dominant signal.
At the time of this announcement, ADBE was trading at $243.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $98.9B. The 52-week trading range was $190.12 to $370.86. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.