Adobe beat expectations, but $ADBE still dropped.
Q3 revenue hit $6.76B, up 13% YoY, and AI first ARR grew more than 150%.
The company also passed 1 billion monthly active users.
So why the weakness?
The market wanted more from the next quarter. Q4 revenue guidance is $6.8B to $6.85B, and investors are still waiting to see stronger AI monetization.
Good numbers are no longer enough when expectations are this high.
Q3 revenue hit $6.76B, up 13% YoY, and AI first ARR grew more than 150%.
The company also passed 1 billion monthly active users.
So why the weakness?
The market wanted more from the next quarter. Q4 revenue guidance is $6.8B to $6.85B, and investors are still waiting to see stronger AI monetization.
Good numbers are no longer enough when expectations are this high.
