Adobe lifts full-year guidance as monthly active users reach 1 billion in Q3

  • Adobe lifted full-year guidance after reporting third-quarter profit and revenue growth.
  • 100 million creative-product freemium users were surpassed during the quarter, up more than 70% year over year.
  • Adobe reached one billion monthly active users while expanding artificial-intelligence offerings.

Adobe raised its full-year guidance after reporting higher profit and revenue for the third quarter and reaching one billion monthly active users. The software company is increasingly emphasizing freemium artificial-intelligence offerings to attract users and support longer-term revenue growth. Monthly active users of its creative products’ freemium services exceeded 100 million during the quarter, up more than 70% from a year earlier. Adobe shares were down 2.37%.

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