Adobe Outlook Implies Slow Growth in Core Business -- Market Talk

Dow Jones

Dec 12, 2024

0918 ET - Adobe's guidance for FY25 missed expectations, particularly with net new annual recurring revenue from digital media set to come in below levels generated in fiscal years 2022 through 2024, Oppenheimer analysts say in a research note. The company doesn't have the same pricing benefits it had in those years, and its focus on AI user engagement over monetization growth is weighing on the outlook too, the analysts say. Adobe's stock fell after the guidance was given, with investors likely perceiving that the slow monetization path for AI technologies is hurting its growth and outlook, as is increasing competition at the low-end of its market, the analysts say. Shares sink 10% to $493.75 premarket. (dean.seal@wsj.com)

(END) Dow Jones Newswires

December 12, 2024 09:18 ET (14:18 GMT)

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The company doesn't have the same pricing benefits it had in those years, and its focus on AI user engagement over monetization growth is weighing on the outlook too, the analysts say. Adobe's stock fell after the guidance was given, with investors likely perceiving that the slow monetization path for AI technologies is hurting its growth and outlook, as is increasing competition at the low-end of its market, the analysts say. Shares sink 10% to $493.75 premarket. (dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 09:18 ET (14:18 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adobe Outlook Implies Slow Growth in Core Business -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Outlook Implies Slow Growth in Core Business -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-12 22:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0918 ET - <a href=\"https://laohu8.com/S/ADBE\">Adobe</a>'s guidance for FY25 missed expectations, particularly with net new annual recurring revenue from digital media set to come in below levels generated in fiscal years 2022 through 2024, Oppenheimer analysts say in a research note. The company doesn't have the same pricing benefits it had in those years, and its focus on AI user engagement over monetization growth is weighing on the outlook too, the analysts say. Adobe's stock fell after the guidance was given, with investors likely perceiving that the slow monetization path for AI technologies is hurting its growth and outlook, as is increasing competition at the low-end of its market, the analysts say. Shares sink 10% to $493.75 premarket. (dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 09:18 ET (14:18 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0342679015.USD","symbol_name":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490816783","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490816783","pubTimestamp":1734013080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0918 ET - Adobe's guidance for FY25 missed expectations, particularly with net new annual recurring revenue from digital media set to come in below levels generated in fiscal years 2022 through 2024, Oppenheimer analysts say in a research note. 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The company doesn't have the same pricing benefits it had in those years, and its focus on AI user engagement over monetization growth is weighing on the outlook too, the analysts say. Adobe's stock fell after the guidance was given, with investors likely perceiving that the slow monetization path for AI technologies is hurting its growth and outlook, as is increasing competition at the low-end of its market, the analysts say. Shares sink 10% to $493.75 premarket. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2024 09:18 ET (14:18 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}