Adobe's AI Tool Is Destroying Its Own Stock Photo Business

[Pieter12]

...On the Q1 FY2026 call, President David Wadhwani said "our traditional stock business saw a steeper decline than we expected. This shift is playing out more quickly than we had planned for".

CFO Dan Durn called the drop "greater-than-anticipated". Firefly is cannibalizing the photo library faster than predicted. CEO Shantanu Narayen, who announced he is stepping down after 18 years, framed it as customers exercising "choice," which is the polite word for displacement...

Adobe’s Own AI Tool Is Destroying Its Own Stock Photo Business. Management Just Admitted It

At $241, Adobe (NASDAQ:ADBE) screens as deeply discounted. Management just confessed to the exact problem the market has been pricing in for months, and the stock now trades like the confession is terminal rather than transitional. Adobe owns Photoshop, Illustrator, Premiere, Acrobat, and Adobe...

finance.yahoo.com

 

[warden]

I use Adobe stock occasionally for 2D images and music. The music is generally terrible corporate generic stuff, but with patience you can find workable choices and license them. On a lark I tried an AI music generator last week and it was better in every way compared to Adobe, so I imagine AI is not going to be kind to that side of their stock business either.