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Adobe digital media revenue tacking above consensus, says MScience

Adobe digital media revenue tacking above consensus, says MScience

MScience says Adobe’s (ADBE) net new digital media annual recurring revenue is taking above consensus estimates, driven by strength across both Creative and Document Cloud. MScience believes the company’s artificial intelligence assistant gross addition levels have been stable since May, which is driving up average revenue per user of between $5 and $7, depending on the plan.

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