Adobe said Digital Media ARR as of February 28, 2025 was approximately $17.63 billion, an increase of 12.6% from $15.66 billion as of March 1, 2024 revalued using currency rates determined at the beginning of fiscal 2025.

1. 01

   Adobe said Digital Media ARR as of February 28, 2025 was approximately $17.63 billion, an increase of 12.6% from $15.66 billion as of March 1, 2024 revalued using currency rates determined at the beginning of fiscal 2025.

2. 02

   The company said Digital Media revenue for the 3 months ended February 28, 2025 was $4.23 billion, up $411 million or 11%, and Digital Experience revenue was $1.41 billion, up $125 million or 10%.

3. 03

   Adobe said operating expenses for the 3 months decreased by $756 million or 21% to $2.93 billion, and net income increased by 192% to $1.81 billion, citing the $1 billion Figma termination fee incurred in the year-ago quarter as a factor in the operating expense decrease.

4. 04

   The company said it paid $3.25 billion for share repurchases during the 3 months and subsequently entered into an accelerated share repurchase agreement with a prepayment of $3.5 billion, leaving $10.9 billion remaining under the authorization upon completion.

Key figures

Quarter ended February 28, 2025

Revenue

$5.7B

Operating income

$2.2B

Net income

$1.8B

EPS

$4.14

Gross profit

$5.1B

Operating cash flow

$2.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.