🔴 Adobe is trading 4.02% down in pre-market as cautious growth outlook outweighed revenue beat

Adobe is trading 4.02% down in pre-market at $239 as cautious near-term growth concerns outweighed its earnings beat.

• After September 10 earnings, fiscal Q3 revenue reached $6.76 billion, exceeding estimates, and Adobe raised fiscal-year guidance.
• Investors focused on the timing of freemium monetization, while concerns about AI disruption, valuation, and momentum pressured shares.
• The broader market is firmer, suggesting company-specific pressure is dominant.