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Adobe shares fall 4% after strong Q1 performance
Adobe Inc. has projected its second-quarter revenue to be between US$5.77 billion and US$5.82 billion, in line with Wall Street expectations.
This forecast follows slow AI monetization and rising competition from startups.
Adobe’s stock dropped over 4% after the announcement, though it reaffirmed its annual revenue outlook.
In Q1, Adobe reported US$5.71 billion in revenue, exceeding analyst estimates of US$5.66 billion. Adjusted earnings per share reached US$5.08, beating the projected US$4.97.
Recent Adobe developments
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13-Feb-2025 🎥 Adobe launches new AI video tool
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05-Feb-2025 📝 Adobe adds AI assistant to simplify contract understanding
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14-Jan-2025 🎨 Adobe launches new AI tool for bulk image editing
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20-Jun-2023 ⚖️ In 50 Words: EU regulators to probe Adobe’s $20b Figma acquisition
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14-Jun-2023 🎨 In 50 Words: Adobe introduces generative recolor AI feature
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