Creative Cloud
Largest subscription franchise. Creative & Marketing Professionals subscription revenue grew 13% in Q3 FY2026.
The numbers
What it is
Photoshop, Illustrator, Premiere, InDesign and related apps, sold as subscriptions. It is the core of Digital Media and the main source of the revenue that Adobe reports as subscription revenue.
Why it matters to the stock. Creative Cloud pricing and seat growth set most of Adobe's revenue. Traders watch it to see whether AI features raise prices or push subscribers to competitors such as Canva and generative-AI tools.
News
Adobe Q3 FY2026: revenue up 13% to $6.76B and FY2026 targets raised, but Q4 revenue guide midpoint lands below consensus
Adobe reported record fiscal third-quarter revenue of $6.76 billion, up 13% year over year, with non-GAAP EPS of $6.13.
Morgan Stanley downgrades Adobe to Underweight and cuts target to $240 from $365
Morgan Stanley moved Adobe from Equal-weight to Underweight and cut its price target to $240 from $365, with analyst Adam Wood citing several changes happening at once.
Adobe expands its creative AI agent across Firefly and Creative Cloud apps
Adobe expanded its creative agent across Firefly and Creative Cloud, adding Firefly skills such as brand kit creation, short product videos, automatic first cuts and storyboard-to-video generation.
Adobe for creativity connector launches globally in Claude
Adobe made its creativity connector available globally in Claude.
Adobe introduces Firefly AI Assistant and adds Kling 3.0 video models
Adobe introduced the Firefly AI Assistant, a conversational agent that runs multi-step workflows across Photoshop, Premiere, Lightroom, Express and Illustrator.
Adobe posts record Q1 FY2026 revenue of $6.40B and holds full-year targets
Adobe reported fiscal Q1 2026 revenue of $6.40 billion, up 12% year over year (11% in constant currency), with GAAP diluted EPS of $4.60 and non-GAAP EPS of $6.06.