Reported about 23 hours ago
Adobe's first-quarter revenue exceeded estimates at $5.71 billion, driven by a strong demand for its software, particularly in digital media. However, the company's muted forecast for the second quarter and concerns regarding the monetization of its AI products have led to a nearly 3% drop in shares. While Adobe remains confident in capitalizing on the creative economy driven by AI, analysts are closely watching its efforts to enhance AI features in its software to better compete in a challenging market.
Source: YAHOO