You're only looking at this in 2 dimensions. Even still, there are clearly times to sacrifice near-term profits for longer-term rev growth ('buy' the business from customers at the expense of your competitors - a la MSFT in their heyday). But that's not the case here. Everyone knew the rev would be lower this year due to the new biz model. It's the futures that are garnering such great attention.
This is the model NFLX uses. It's all about subscriber growth and recurring revenue streams. Look at the growth pattern over time for NFLX and apply it to ADBE, adjusting for the difference in the numbers. ADBE has been planning this transition for over 7 painful years, but now things seem to be on track. Q3 has historically been ADBEs worst due to seasonal slowing sales in Europe, so this report is a real indicator of the future potential of this stock.