Adobe Reports Record Revenue in Q1 Fiscal 2023, ADBE Shares Up 5%
Adobe reported revenue of $4.66 billion, up 9 percent YoY, against an estimated $4.62 billion by Wall Street.
Adobe Stock Plunges 17% on Thursday Following Figma Acquisition Announcement
By
Tolu Ajiboye
Adobe stock fell to a 12-year low following news that it is acquiring Figma, and also amid its recent fiscal Q3 report.
ADBE Stock Down 9% despite Record Revenue in Q1 2022, Adobe Blames War in Ukraine
For Q1 of the fiscal year 2022, Adobe reported revenue of 4.26 billion. The figure represented a growth of 9% year over year.