Adobe reports Q4 revenue up 12% YoY to $5.05B, vs. $5.03B est., Digital Media revenue up 13% YoY to $3.72B, and FY 2024 guidance below est.; ADBE drops 5%+
- Adobe's fiscal fourth-quarter results surpassed expectations, but guidance for fiscal 2024 trailed estimates.
CNBC Jordan Novet
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- Adobe Signals That AI Boost Will Take Longer Than Expected Bloomberg · Brody Ford
- FTC investigating Adobe over making it too hard to cancel subscriptions 9to5Mac · Ben Lovejoy
- Adobe anticipates ‘significant penalty’ for complex cancellation practices Computerworld · Sam Reynolds
- FTC becomes latest regulator to turn its attention to Adobe as cancellation policies come under scrutiny diginomica · Stuart Lauchlan
- Adobe warns it may face massive fines for subscription cancellation practices The Register · Simon Sharwood
- Adobe's stock falls on soft guidance and news of FTC investigation SiliconANGLE · Mike Wheatley
- FTC probes Adobe for cancellation fees TweakTown · Derek Strickland
- Adobe Says Significant Costs, Penalties May Arise Out of FTC Investigation Dow Jones Newswires · Denny Jacob
- If you've ever complained about online cancellation fees, regulators may have been listening. — Adobe's subscription rules are under investigation by the Federal Trade Commission. … Brody Ford
Discussion
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@thetranscript_
@thetranscript_
on x
Adobe with a double beat but weaker-than-expected outlook. CEO: “Adobe drove record revenue of $19.4B in FY23 & 17% YoY EPS growth...” CFO: “Adobe's remarkable performance in FY23 drove world-class margins &operating cash flows of $7.3B $ADBE: -5.5% AH [image]
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@matunos@mastodon.social
@matunos@mastodon.social
on mastodon
@Techmeme bigger than the revenue they received from the difficulty I hope
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@jenncutter.bsky.social
Jenn Cutter
on bluesky
🤞🏼 [embedded post]
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@edludlow
Ed Ludlow
on x
Adobe $ADBE: Stock down because FTC investigation on subscription cancellation policies OR... earnings/forecast?
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@jordannovet
Jordan Novet
on x
Adobe says it's working with the FTC after the agency asked for information about disclosure and subscription cancellation, and litigation or a settlement could be material https://www.cnbc.com/...