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Posted by
Two Blokes Jun 16 -
Filed in
Stock
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5 views
Adobe's stock dropped despite better-than-expected 2Q results and forward guidance, showing continued market skepticism around its long-term AI monetization strategy. Revenue YoY growth is expected to slow in 3Q, with flat margins, as the GenAI revenue mix remains too small to meaningfully contribute to overall growth. Demand (total bookings) in 2Q rebounded from a 2% decline in 1Q, and management did not raise the FY2025 Digital Media ARR growth outlook.
