Those customers are already pissed off, yet record sales every quarter. This will be great to offer this diminished experience to them until they start using AI to do all of their editing.
I'm going to revel coming back to this arrogant comment in a couple years.
Seriously, you have no idea the kind of goodwill you've squandered, and the kind of resentment you've created. I expect it will bite your company squarely in the ass.
I'm going to revel coming back to this arrogant comment in a couple years.
Seriously, you have no idea the kind of goodwill you've squandered, and the kind of resentment you've created. I expect it will bite your company squarely in the ass.
I was surprised as well that an Adobe employee would make such a revealing comment.
Call it arrogance or just an acknowledgement of reality:
Revenue over the last ten years
August 31, 2026 — $6.760B May 31, 2026 — $6.618B February 28, 2026 — $6.398B November 30, 2025 — $6.194B
August 31, 2025 — $5.988B May 31, 2025 — $5.873B February 28, 2025 — $5.714B November 30, 2024 — $5.606B
August 31, 2024 — $5.408B May 31, 2024 — $5.309B February 29, 2024 — $5.182B November 30, 2023 — $5.048B
August 31, 2023 — $4.890B May 31, 2023 — $4.816B February 28, 2023 — $4.655B November 30, 2022 — $4.525B
August 31, 2022 — $4.433B May 31, 2022 — $4.386B February 28, 2022 — $4.262B November 30, 2021 — $4.110B
August 31, 2021 — $3.935B May 31, 2021 — $3.835B February 28, 2021 — $3.905B November 30, 2020 — $3.424B
August 31, 2020 — $3.225B May 31, 2020 — $3.128B February 29, 2020 — $3.091B November 30, 2019 — $2.992B
August 31, 2019 — $2.834B May 31, 2019 — $2.744B February 28, 2019 — $2.601B November 30, 2018 — $2.465B
August 31, 2018 — $2.291B May 31, 2018 — $2.195B February 28, 2018 — $2.079B November 30, 2017 — ~$2.008B
August 31, 2017 — ~$1.844B May 31, 2017 — ~$1.773B February 28, 2017 — ~$1.682B November 30, 2016 — ~$1.611B
And yet... 10 straight quarters of ARR decline. CEO leaving. Market prices you like a company in decline.
Besides, you're on HN, we don't value revenue here because we're idiots. But even the market agrees. Stock down 64% from peak.
Tootsie Roll Industries heats sugar and has nearly triple your P/E.
Huh? ARR has been monotonically increasing. Maybe you mean the ARR growth rate? Yes, that has been decreasing.