TMTB: ADBE First take
ADBE -9%: Q beats but guide misses
Q looked strong with upside to top and bottom line and digital net ARR of $504M above street of $465M and bogeys of $495M.
However, the guide was soft was digital media net new ARR $550M vs street at $575M and revs below at $5.52B vs street at $5.6B
Expectations were a bit heightened heading into the print so not surpri…
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