Adobe reports Q3 revenue up 13% YoY to $6.76B, vs. $6.7B est., AI-first annual recurring revenue up 150% YoY, and forecasts Q4 revenue slightly below estimates (Anzar Mehraj/Reuters)
Adobe’s AI revenue line is growing much faster than the company’s overall business.
The company reported fiscal Q3 revenue of $6.76 billion, ahead of the $6.7 billion estimate. Revenue rose 13% year over year, while AI-first annual recurring revenue rose 150%. Adobe’s Q4 revenue forecast came in slightly below estimates. Techmeme's note
The company reported fiscal Q3 revenue of $6.76 billion, ahead of the $6.7 billion estimate. Revenue rose 13% year over year, while AI-first annual recurring revenue rose 150%. Adobe’s Q4 revenue forecast came in slightly below estimates. Techmeme's note
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