Reported 2 days ago
Adobe has projected its fiscal 2025 revenue to fall below Wall Street expectations, estimating between $23.30 billion and $23.55 billion due to slower monetization of its AI technologies. Despite strong growth forecasts for the latter half of the year, ongoing competition and subscription transitions are impacting revenue. The company's shares dropped nearly 9% amid concerns over its AI strategy, although analysts believe Adobe's AI capabilities will gain traction as they improve.
Source: YAHOO