Adobe Delivers Record Revenue, But Its Outlook Underwhelms
1. Adobe reported record revenue of $5.71 billion, surpassing expectations. 2. Adjusted earnings rose to $2.22 billion, exceeding analyst estimates. 3. Digital Media revenue, including Creative Cloud, increased by 11% year-over-year. 4. CEO noted Adobe is well-positioned to leverage AI in the creative economy. 5. Despite strong results, future revenue outlook fell below analyst predictions.