Adobe Q3 revenue beats estimates as AI demand grows
Adobe reported third-quarter revenue of $6.76 billion, beating Wall Street estimates of $6.70 billion, as demand for its AI-integrated products grew. Adjusted profit per share was $6.13, above the $6.09 expected. The company also named Anil Chakravarthy as its next CEO, with Shantanu Narayen moving to executive chair on December 1.