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AI English summary of an SEC filing — figures as filed

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Adobe said Digital Media revenue for the quarter ended May 30, 2025 increased to $4.35 billion, up 11%, and Digital Experience revenue increased to $1.46 billion, up 10%. Digital Media ARR increased to $18.09 billion, up 12.1%.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Adobe said Digital Media revenue for the quarter ended May 30, 2025 increased to $4.35 billion, up 11%, and Digital Experience revenue increased to $1.46 billion, up 10%. Digital Media ARR increased to $18.09 billion, up 12.1%.

  2. The company said cost of revenue for the same quarter increased to $638 million, up 7%, and operating expenses increased to $3.13 billion, up 11%. Net income increased to $1.69 billion, or $118 million, up 8%.

  3. Adobe said cash flows from operations for the 6 months increased to $4.67 billion, up 50%, and attributed this to payment of the $1 billion Figma termination fee during Q1 of the prior year. In financing activities, the company used net cash of $6.63 billion.

  4. The company repurchased shares for $6.75 billion during the 6 months and said $10.90 billion remained of the $25 billion authorization approved in March 2024. It also entered into an agreement to repurchase up to $2.5 billion in open market purchases after May 30.

Key figures

Quarter ended May 30, 2025

Revenue
$5.9B
Operating income
$2.1B
Net income
$1.7B
EPS
$3.94
Gross profit
$5.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Digital Media and Digital Experience Quarterly Revenue

Adobe said Digital Media revenue for the quarter ended May 30, 2025 increased to $4.35 billion, up 11%, and Digital Experience revenue increased to $1.46 billion, up 10%. Digital Media ARR increased to $18.09 billion, up 12.1%.

Source · Based on the MD&A text of the filing

Cost Increases and Quarterly Net Income

The company said cost of revenue for the same quarter increased to $638 million, up 7%, and operating expenses increased to $3.13 billion, up 11%. Net income increased to $1.69 billion, or $118 million, up 8%.

Source · Based on the MD&A text of the filing

6-Month Operating Cash Flow and Financing Activities

Adobe said cash flows from operations for the 6 months increased to $4.67 billion, up 50%, and attributed this to payment of the $1 billion Figma termination fee during Q1 of the prior year. In financing activities, the company used net cash of $6.63 billion.

Source · Based on the MD&A text of the filing

Share Repurchases and New Open Market Repurchase Agreement

The company repurchased shares for $6.75 billion during the 6 months and said $10.90 billion remained of the $25 billion authorization approved in March 2024. It also entered into an agreement to repurchase up to $2.5 billion in open market purchases after May 30.

Source · Based on the MD&A text of the filing

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.