Adobe Inc.
ADBEQ3 2025Estimated4% AI
AI Revenue %
4%
AI Fair Value
$2.0B
AI Revenue (Q)
$636.0M
Total Revenue (Q)
$15.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 (quarter ending Aug 29, 2025). Total revenue $5,988M. Digital Media $4,459M, Digital Experience $1,476M. Creative & Marketing Professionals subscription $4,117M (+11% YoY), Business Professionals & Consumers $1,648M (+15% YoY). Nine-month subscription cost of revenue $1,505M vs $1,324M prior year (+14%), consistent with growing AI inferencing costs. AI products remain bundled but AI is now deeply embedded across the product portfolio. Firefly models are more mature, GenStudio is scaling with enterprise customers, and Acrobat Studio combines AI productivity with creative features. The 15% growth in Business Professionals & Consumers likely reflects some AI-driven adoption. Modest increase to 4% reflecting AI feature maturation. Math: $5,988M x 4% = ~$240M.
Analyzed by claude-opus-4-6
Quoted Figures
Digital Media Revenue $4,459M; Digital Experience Revenue $1,476M; Total revenue $5,988M. Nine-month subscription cost of revenue $1,505M vs $1,324M prior year
10-Q filed for quarter ending August 29, 2025, Segment Information and Income Statement
Creative and Marketing Professionals subscription $4,117M; Business Professionals and Consumers subscription $1,648M
10-Q filed for quarter ending August 29, 2025, Segment Information note
AI Products Identified (Ring 1)
Adobe Firefly (image, video, vector)Acrobat AI AssistantAcrobat StudioGenStudio for Performance MarketingExperience Platform AI AssistantAdobe Express AIAI agents and agentic capabilities
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Creative Cloud subscriptionsDocument Cloud subscriptionsExperience Cloud subscriptions
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix