AI & Tech
Adobe Trading Near Seven-Year Lows Despite 96% Subscription Revenue
We Study Billionaires
TIP825: Meta, Adobe, Booking Holdings w/ Stig Brodersen, Tobias Carlisle & Hari Ramachandra
What was said
"Market cap roughly $100 billion, and it has been growing double digits for the longest time. And it's not only trading at a 52-week low or near that, but near a 7-year low."
Stig Brodersen pitched Adobe at $270, arguing the market has oversold the stock due to AI fears despite 96% of its $23 billion revenue coming from subscriptions with 41 million paying users. He emphasized switching costs and professional pride make Adobe's creative tools difficult to replace, though he acknowledged top-of-funnel risks from AI content generation tools.
Verification status
Attributed speaker claim
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Source and context
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- Programme
- We Study Billionaires
- Episode
- TIP825: Meta, Adobe, Booking Holdings w/ Stig Brodersen, Tobias Carlisle & Hari Ramachandra
- Clip time
- 31:13
- Original source
- Watch the source segment →
From this episode
We Study Billionaires