Adobe Stock Climbs On Record Q3 Revenue And More

Benzinga

Adobe reported third-quarter earnings of $5.31 per share, topping analyst estimates of $5.18, according to Benzinga. Revenue reached $5.99 billion, above the $5.91 billion forecast and up from $5.41 billion a year ago. Adobe CEO Shantanu Narayen said the company leads in AI creative applications, with AI-influenced Annual Recurring Revenue topping $5 billion and AI-first ARR surpassing its $250 million target. Narayen added that Adobe raised its FY25 revenue and EPS targets, citing customer strategy, AI innovation, and strong go-to-market execution. Adobe lifted its fiscal 2025 adjusted EPS guidance to $20.80 to $20.85, above the analyst estimates. The company also raised its revenue outlook to $23.65 billion to $23.7 billion, topping forecasts. Adobe shares rose 3.01% to $361.06 in Thursday’s extended trading, according to Benzinga Pro.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Adobe reported third-quarter earnings of $5.31 per share,

00:06topping analyst estimates of $5.18, according to Benzinga.

00:09Revenue reached $5.99 billion above the $5.91 billion forecast

00:13and up from $5.4 billion a year ago.

00:16Adobe CEO Shantanu Naren said the company leads in AI creative applications.

00:20The AI influenced annual recurring revenue, topping $5 billion.

00:23An AI first ARR surpassed its $250 million target.

00:27Naren added that Adobe raised its FY25 revenue and EPS targets,

00:31citing customer strategy, AI innovation, and strong go-to-market execution.

00:36Adobe listed its fiscal 2025 adjusted EPS guidance to $20.80 to $20.85,

00:42above the analyst estimates.

00:43The company also raised its revenue outlook to $23.65 billion to $23.7 billion,

00:48topping forecasts.

00:50Adobe shares rose 3.01% to $361.06 in Thursday's extending trading,

00:55according to Benzinga Pro.

00:57For all things money, visit Benzinga.com.

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