Adobe delivered record Q1 results with AI-first ARR more than tripling year over year and subscription revenue growing 13 percent. Shantanu Narayen, who has led Adobe for 18 years, announced his decision to transition out of the CEO role once a successor is named, introducing uncertainty at the top that markets typically dislike.
AI revenue -- $42,000,000 year to date, ahead of last year's $40,000,000, with company guidance of $45,000,000-$50,000,000 for the full year. Research publishing output -- Submissions increased 26%, article output up 11%, and revenue up 4% excluding AI, outpacing the broader market.