Adobe Inc., the leading software maker, reported its annual sales outlook in a disappointing manner, causing concerns that emerging artificial intelligence-based startups may steal its market share. The company predicted revenue of $23.4 billion for the fiscal year ending November 2025 and adjusted profit per share between $20.20 and $20.50. This forecast falls short of analysts’ estimates, which averaged $23.8 billion in sales and $20.52 per share in profit, highlighting Adobe’s vulnerability to AI disruption.
Source: https://www.bloomberg.com/news/articles/2024-12-11/adobe-gives-disappointing-outlook-stoking-ai-disruption-fears