Brayden Dennis

Yeah.

As you were saying, so last year net income, yeah, it was just shy of 1.7 billion.

Now it was just slightly above 1.7.

So you can make the case it was essentially flat.

Yeah, and just to answer your... So yeah, revenue growth, I mean, it was much higher if you go back to the pandemic, pre-pandemic, you were looking at revenue growth like in the 20s.

And then now since...

I would say 2022, late 2022, you're looking at high single digits, low double digits in terms of growth.

And I mean, at the end of the day, there's just also more options.

Even if people are not as driven as you and creating their own editing platform, it's

There's still more competition, whether it's Descript, whether it's Canva on the photo editing side.

And obviously, you start coming in with AI.

I mean, ChatGPT Images is really good.

Yeah, it's really, really good.

It actually listens to you when you ask it to make some modifications.

It doesn't get it always right the first time, but just things like that.

There's just tools that...

are available that compete directly with Adobe.

And I think, you know, the fear might be a bit overdone for Adobe.

Maybe it is trading too cheaply.

And of course that won't get rid of all their customer base.