Adobe's AI Growth Takes Center Stage with $125mln in ARR, CEO to Step Down

Adobe's AI growth takes center stage as the company reports $125mln in ARR for Q1, contributing less than 1% of total ARR. The core business remains resilient with Digital Media segment revenue growth of 12% and net new ARR of $432mln. CEO Shantanu Narayen will step down after 18 years, marking a strategic timing as the company navigates AI disruption. Investors debate whether this is the start of a second-growth leg or early traction.