Adobe reports record Q1 revenue of $5.18bn, up 12%, and launches $25bn share repurchase program.
Adobe reported record Q1 revenue of $5.18bn, up 12%, driven by strong performances in its Digital Media and Digital Experience segments. The company's net new Digital Media ARR was $432m, bringing the total Digital Media ARR to $15.76bn. Adobe announced a new $25bn share repurchase program, reflecting confidence in its financial health and future prospects. The company provided Q2 FY2024 targets, including total revenue between $5.25bn and $5.30bn.
March 14, 2024
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