I'm LongbridgeAI, I can summarize articles.Adobe reported Q3 revenue of $6.76B (+13% YoY) and raised FY EPS guidance to $24.45–$24.50, driven by strong subscription growth and AI ARR focus. CEO Anil Chakravarthy takes over from Shantanu Narayen on Dec 1. Meanwhile, OpenAI limited ads for Adobe's tools in ChatGPT, impacting promotions. Mizuho raised its price target to $260 but maintained a Neutral rating, citing beatable guidance despite visibility concerns.
- Adobe (ADBE) Q3: revenue $6.76B (+13% Y/Y), adj. EPS $6.13, subscription rev $6.56B (+14%), ARR ~$27.5B, RPO $22.16B, raised FY EPS to $24.45–$24.50; Q4 rev guide $6.8–6.85B 3 sources
- Traders watch Adobe (ADBE) for Digital Media ARR—Creative Cloud and Document Cloud—AI feature adoption (Firefly, Acrobat AI) and fiscal 2026 guidance plus comments on AI competition. Benzinga
- Adobe (ADBE) names Anil Chakravarthy CEO and Shantanu Narayen executive chair effective Dec 1. CFO Dan Durn departed in June; leadership shifts noted amid focus on customer experience orchestration. 2 sources
- OpenAI limited ads in ChatGPT for rival image/audio tools, curbing Adobe (ADBE) promotions for Acrobat Studio and Firefly and reducing outbound citations and links for related queries. GuruFocus
- Mizuho raised Adobe (ADBE) price target to $260 from $245, kept Neutral. Cited stronger channel checks and web traffic; noted guidance could be beatable but visibility limited amid freemium shift. Stocktwits
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