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Adobe Beats Q3 Revenue Estimates as AI-First ARR Surges

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Adobe reported third-quarter revenue of $6.76 billion, topping the $6.70 billion analysts’ average, with adjusted profit per share of $6.13 versus $6.09. AI-first annual recurring revenue grew more than 150% year over year as the company expands AI across its creative and customer-experience products. Adobe also announced leadership transitions including Anil Chakravarthy as next CEO.

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