$Adobe(ADBE)$ Adobe Drops on W-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Adobe Drops on Weak Forecast Fueled by AI Competition Fears

Adobe's stock dropped 10.5% in extended trading after giving a weak outlook for sales in the current quarter. The market is concerned about increasing competition from AI-focused startups, which poses a competitive threat to Adobe.

The following is a summary of the Adobe Inc. (ADBE) Q1 2024 Earnings:

Financial Performance

*Adobe reported Q1 revenue of $5.18 billion, a 12% increase YoY

*GAAP earnings per share for the quarter was $1.36, and non-GAAP earnings per share was $4.48, representing 18% YoY growth.

*Adobe achieved a net new Digital Media ARR of $432 million and revenue of $3.82 billion in Q1, marking a 13% growth YoY.

*Adobe achieved $3.07 billion in revenue for Creative Cloud, 12% growth YoY with net new Creative Cloud ARR of $289 million.

*The Experience Cloud business generated subscription revenue of $1.16 billion, representing YoY growth of 12%.

*The company delivered Q1 record revenue of $5.18 billion, representing an 11% YoY growth, achieved Digital Media revenue of $3.82 billion, Digital Experience revenue of $1.29 billion.

Business Progress

*Adobe continued to focus on creativity for document productivity, and powering digital businesses through Adobe Creative Cloud, Document Cloud, and Experience Cloud.

*Adobe is expanding its range of AI services and products, with notable updates to Adobe Photoshop, Illustrator, Express, Acrobat, and the Experience Cloud.

*Adobe announced the release of Acrobat AI Assistant, integrating generative AI into Reader and Acrobat workflows to enhance document interaction.

*The introduction of Behance Pro empowers members to build their brand and find opportunities, driving ARR acceleration.

*Adobe GenStudio, a generative AI-first application, will allow marketers to plan, create, store, deliver, and measure marketing content more effectively.

*Adobe plans to showcase product innovations at the Adobe Summit in Las Vegas and expects continued business momentum and leadership into Q2 and beyond.

*The company announced a new $25 billion share repurchase program, showing its confidence and commitment to returning capital to its shareholders.

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meurasian77
03-15
meurasian77
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This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.","image":"https://community-static.tradeup.com/news/14c89d9656aedb9a4698e7996c575947"}],"images":[{"img":"https://community-static.tradeup.com/news/ab748c71173512fc646f58bb205d1e47","width":"1125","height":"3095"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/ab748c71173512fc646f58bb205d1e47","width":"1125","height":"3095"}],"html":"<html><head></head><body><p><a href=\"https://ttm.financial/S/ADBE\">$Adobe(ADBE)$</a>&nbsp;</p>\n<p><b>Adobe Drops on Weak Forecast Fueled by AI Competition Fears</b></p>\n<p>Adobe's stock dropped 10.5% in extended trading after giving a weak outlook for sales in the current quarter. The market is concerned about increasing competition from AI-focused startups, which poses a competitive threat to Adobe.</p>\n<p>The following is a summary of the Adobe Inc. (ADBE) Q1 2024 Earnings:</p>\n<p><b>Financial Performance</b></p>\n<p>*Adobe reported Q1 revenue of $5.18 billion, a 12% increase YoY</p>\n<p>*GAAP earnings per share for the quarter was $1.36, and non-GAAP earnings per share was $4.48, representing 18% YoY growth.</p>\n<p>*Adobe achieved a net new Digital Media ARR of $432 million and revenue of $3.82 billion in Q1, marking a 13% growth YoY.</p>\n<p>*Adobe achieved $3.07 billion in revenue for Creative Cloud, 12% growth YoY&nbsp;with net new Creative Cloud ARR of $289 million.</p>\n<p>*The Experience Cloud business generated subscription revenue of $1.16 billion, representing YoY growth of 12%.</p>\n<p>*The company delivered Q1 record revenue of $5.18 billion, representing an 11% YoY growth, achieved Digital Media revenue of $3.82 billion, Digital Experience revenue of $1.29 billion.</p>\n<p><b>Business Progress</b></p>\n<p>*Adobe continued to focus on creativity for document productivity, and powering digital businesses through Adobe Creative Cloud, Document Cloud, and Experience Cloud.</p>\n<p>*Adobe is expanding its range of AI services and products, with notable updates to Adobe Photoshop, Illustrator, Express, Acrobat, and the Experience Cloud.</p>\n<p>*Adobe announced the release of Acrobat AI Assistant, integrating generative AI into Reader and Acrobat workflows to enhance document interaction.</p>\n<p>*The introduction of Behance Pro empowers members to build their brand and find opportunities, driving ARR acceleration.</p>\n<p>*Adobe GenStudio, a generative AI-first application, will allow marketers to plan, create, store, deliver, and measure marketing content more effectively.</p>\n<p>*Adobe plans to showcase product innovations at the Adobe Summit in Las Vegas and expects continued business momentum and leadership into Q2 and beyond.</p>\n<p>*The company announced a new $25 billion share repurchase program, showing its confidence and commitment&nbsp;to returning capital to its shareholders.&nbsp;</p>\n<img src=\"https://community-static.tradeup.com/news/ab748c71173512fc646f58bb205d1e47\" tg-width=\"1125\" tg-height=\"3095\"></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/ADBE\">$Adobe(ADBE)$</a>&nbsp;</p>\n<p><b>Adobe Drops on Weak Forecast Fueled by AI Competition Fears</b></p>\n<p>Adobe's stock dropped 10.5% in extended trading after giving a weak outlook for sales in the current quarter. The market is concerned about increasing competition from AI-focused startups, which poses a competitive threat to Adobe.</p>\n<p>The following is a summary of the Adobe Inc. (ADBE) Q1 2024 Earnings:</p>\n<p><b>Financial Performance</b></p>\n<p>*Adobe reported Q1 revenue of $5.18 billion, a 12% increase YoY</p>\n<p>*GAAP earnings per share for the quarter was $1.36, and non-GAAP earnings per share was $4.48, representing 18% YoY growth.</p>\n<p>*Adobe achieved a net new Digital Media ARR of $432 million and revenue of $3.82 billion in Q1, marking a 13% growth YoY.</p>\n<p>*Adobe achieved $3.07 billion in revenue for Creative Cloud, 12% growth YoY&nbsp;with net new Creative Cloud ARR of $289 million.</p>\n<p>*The Experience Cloud business generated subscription revenue of $1.16 billion, representing YoY growth of 12%.</p>\n<p>*The company delivered Q1 record revenue of $5.18 billion, representing an 11% YoY growth, achieved Digital Media revenue of $3.82 billion, Digital Experience revenue of $1.29 billion.</p>\n<p><b>Business Progress</b></p>\n<p>*Adobe continued to focus on creativity for document productivity, and powering digital businesses through Adobe Creative Cloud, Document Cloud, and Experience Cloud.</p>\n<p>*Adobe is expanding its range of AI services and products, with notable updates to Adobe Photoshop, Illustrator, Express, Acrobat, and the Experience Cloud.</p>\n<p>*Adobe announced the release of Acrobat AI Assistant, integrating generative AI into Reader and Acrobat workflows to enhance document interaction.</p>\n<p>*The introduction of Behance Pro empowers members to build their brand and find opportunities, driving ARR acceleration.</p>\n<p>*Adobe GenStudio, a generative AI-first application, will allow marketers to plan, create, store, deliver, and measure marketing content more effectively.</p>\n<p>*Adobe plans to showcase product innovations at the Adobe Summit in Las Vegas and expects continued business momentum and leadership into Q2 and beyond.</p>\n<p>*The company announced a new $25 billion share repurchase program, showing its confidence and commitment&nbsp;to returning capital to its shareholders.&nbsp;</p>\n<img src=\"https://community-static.tradeup.com/news/ab748c71173512fc646f58bb205d1e47\" tg-width=\"1125\" tg-height=\"3095\"></body></html>","text":"$Adobe(ADBE)$ Adobe Drops on Weak Forecast Fueled by AI Competition Fears Adobe's stock dropped 10.5% in extended trading after giving a weak outlook for sales in the current quarter. The market is concerned about increasing competition from AI-focused startups, which poses a competitive threat to Adobe. The following is a summary of the Adobe Inc. (ADBE) Q1 2024 Earnings: Financial Performance *Adobe reported Q1 revenue of $5.18 billion, a 12% increase YoY *GAAP earnings per share for the quarter was $1.36, and non-GAAP earnings per share was $4.48, representing 18% YoY growth. *Adobe achieved a net new Digital Media ARR of $432 million and revenue of $3.82 billion in Q1, marking a 13% growth YoY. *Adobe achieved $3.07 billion in revenue for Creative Cloud, 12% growth YoY with net new Creative Cloud ARR of $289 million. *The Experience Cloud business generated subscription revenue of $1.16 billion, representing YoY growth of 12%. *The company delivered Q1 record revenue of $5.18 billion, representing an 11% YoY growth, achieved Digital Media revenue of $3.82 billion, Digital Experience revenue of $1.29 billion. Business Progress *Adobe continued to focus on creativity for document productivity, and powering digital businesses through Adobe Creative Cloud, Document Cloud, and Experience Cloud. *Adobe is expanding its range of AI services and products, with notable updates to Adobe Photoshop, Illustrator, Express, Acrobat, and the Experience Cloud. *Adobe announced the release of Acrobat AI Assistant, integrating generative AI into Reader and Acrobat workflows to enhance document interaction. *The introduction of Behance Pro empowers members to build their brand and find opportunities, driving ARR acceleration. *Adobe GenStudio, a generative AI-first application, will allow marketers to plan, create, store, deliver, and measure marketing content more effectively. *Adobe plans to showcase product innovations at the Adobe Summit in Las Vegas and expects continued business momentum and leadership into Q2 and beyond. *The company announced a new $25 billion share repurchase program, showing its confidence and commitment to returning capital to its shareholders.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/284563464675600","repostId":0,"isVote":1,"tweetType":1,"viewCount":821,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["ADBE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":["晒单贴"],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1868,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":284569508520168,"commentId":"284569508520168","gmtCreate":1710481149287,"gmtModify":1710481154556,"authorId":3587020790873268,"author":{"id":3587020790873268,"idStr":"3587020790873268","authorId":3587020790873268,"name":"meurasian77","avatar":"https://static.tigerbbs.com/029ef04cb8ec6291c3e5d53eb5cfac4b","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"80.68%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":284563464675600,"objectIdStr":"284563464675600","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p>‌<a href=\"\" class=\"immutable-element immutable-text\">[喷血]&nbsp;</a>‌</p>","text":"<p>‌<a href=\"\" class=\"immutable-element immutable-text\">[喷血]&nbsp;</a>‌</p>","html":"<p>‌<a href=\"\" class=\"immutable-element immutable-text\">[喷血]&nbsp;</a>‌</p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/284563464675600"}