P: Watermarks rendering darker than preview

After the last update when exporting my photos the 100% white watermarks appear with a black border that is placed automatically. I have searched if Adobe added any new option in this regard but I have not found anything, and that ruins the image that I want to show. This has never happened before, I deleted and recreated the setting, using a new watermark, but everything is still the same. Giving a bad appearance and complicating the reading of our brand. // Despues de la ultima actualizacion al exportar mis fotos las marcas de agua 100% blancas aparecen con un filete negro que se coloca automaticamente. He buscado si Adobe agrego alguna nueva opcion al respecto pero no he encontrado nada, y eso arruima la imagen que quiero mostrar. Esto nunca habia pasaodo antes, borre y volvi a crear el ajuste, utilizando una nueva marca de agua, pero todo sigue igual. Dando mal aspecto y complicando la lectura de nuestra marca.

Is the dark watermark issue fixed?

Lightroom Classic Version 11.4

Windows 10 Home 21H1

Since the update my white watermarks are rendering with a grey halo or outline that makes the watermark nearly unreadable. It looks fine in the preview window. To reproduce:

Step 1: Make a white graphical watermark using a transparent .PNG file

Step 2: Export a photo and select the white graphic watermark

Lightroom should export the photo with a clear white watermark (as shown at the very bottom of this report), but instead is exporting the watermark with a grey outline or halo (as shown immdiately below)

For reference - here is a photo I exported on April 27, 2022 using the same method (that I've been using for years with no problem), and it worked perfectly. But today I am getting the same results as above with both my old files and presets and all new files and presets.

Depuis la version 11.4 de Lightroom CC, l'apparence des signatures est dégradée. Soucis secondaire, toutes signatures en presets ne retrouvent plus le chemin vers mes PNG alors que rien n'a bougé.

Avant la mise à jour :

Après la msie à jour en 11.4 :

I am having the same problem. Same watermark worked fine about two weeks ago.

The preview shows it correct, but when I export it is much darker.

Adobe - I know it's early, but do you have any feeling yet on how easy it will be to track down and correct this bug? I ask because if you think it may not be resolved for months or more, I'm going to have to look into designing and testing a new watermark (which will take some time - I already tried a slight modification of my current one and it did not come out looking correct after export). However, if you think this bug may be resolved within a couple weeks, I'm just going to hold off on further editing/exporting and not waste that time designing a new one, as I like my current watermark and would prefer to just keep using it. Thanks for any insight you can provide!

Setting status - adding bug number

I'm definitely seeing this issue too with the new version of Lightroom Classic. All of my saved watermarks that have worked correctly for years are suddenly dim and grey after photo export. I have tried uploading new watermark graphics and playing with the settings but same issue...everything just converts to a barely visible grey. Adobe - Please look into this ASAP!