Adobe stock sinks as weak outlook stokes fears over AI monetization, growing competition [Yahoo! Finance Canada]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: Yahoo! Finance Canada
the company's AI tools aren't paying off quickly enough to stave off growing competition from other generative AI software makers. In its earnings announcement Wednesday, Adobe said it expects revenue in the range of $23.3 billion to $23.6 billion and adjusted earnings per share between $20.20 and $20.50 for the fiscal year 2025. Wall Street analysts had expected the company to forecast annual revenue of $23.8 billion and adjusted EPS of $20.52, Bloomberg data showed. Adobe Inc. (ADBE) Adobe introduced its Firefly generative AI models in March 2023, which generate images and text effects. The creative software giant unveiled its Firefly video-generation model in October, months after Google debuted a similar model . Adobe's tool also comes much later than releases from startups such as Stability AI , Midjourney, and Runway . And the competition is heating up: ChatGPT-maker OpenAI unveiled its text-to-video generation bot Sora just this week. Those competitive pressures and con
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ADBE
News
- AI ‘Roadkill' Fears Haunt Traders Two Years After ChatGPT Debut [Yahoo! Finance Canada]Yahoo! Finance Canada
- https://seekingalpha.com/article/4745890-adobe-stock-firecracker-long-fuse-hold-now-buy-later [Seeking Alpha]Seeking Alpha
- AI ‘Roadkill' Fears Haunt Traders Two Years After ChatGPT Debut [Yahoo! Finance Canada]Yahoo! Finance Canada
- AI ‘Roadkill' Fears Haunt Traders Two Years After ChatGPT Debut [Yahoo! Finance]Yahoo! Finance
- INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the FirmGlobeNewswire
ADBE
Earnings
- 12/11/24 - Beat
ADBE
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/11/24 - Form 8-K
- ADBE's page on the SEC website