Adobe reports Q1 revenue up 12% YoY to $6.4B, vs. $6.28B est., adjusted EPS above estimates, and forecasts Q2 revenue between $6.43B and $6.48B, vs. $6.43B est.
as pressure on the company mounts to deliver on AIDigiTimes:Adobe reports strong earnings as CEO announces planned departure
Adobe reports Q4 revenue up 10% YoY to $6.19B, Digital Media revenue up 11% YoY to $4.62B, $7.13B in net income, and forecasts FY 2026 revenue above estimates
Zaheer Kachwala / Reuters :
Adobe: US shoppers spent $14.25B online during Cyber Monday, up 7.1% YoY, compared with a 9.1% rise on Black Friday; five-day spending rose 7.7% YoY to $44.2B
Spencer Soper / Bloomberg :
Salesforce: online Black Friday sales grew 6% YoY to $79B globally, including $3B in US sales driven by AI agents; Adobe: US online sales rose 9.1% to $11.8B
Joan Verdon is a veteran retail reporter based in Northern New Jersey. — Consumers spent record amounts online on Black Friday …
Adobe reports Q3 revenue up 11% YoY to $5.99B, vs. $5.91B est., Digital Media revenue up 12% YoY to $4.46B, and Digital Experience revenue up 9% YoY to $1.48B
Jordan Novet / CNBC :
Figma's stock dropped 27.38% to $88.60 on August 4 after last week's IPO pop; its fully diluted valuation sits at ~$56B, still almost triple Adobe's 2022 offer
Figma shares dropped 27% on Monday, cutting into the gains the design software company posted after hitting the market last week.
Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023
Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
Adobe reports Q2 revenue up 11% YoY to $5.87B, vs. $5.8B est., Digital Media revenue up 11% to $4.35B, and forecasts Q3 revenue above estimates
Brody Ford / Bloomberg :
Utah-based Awardco, which makes HR software that helps AT&T, Adobe, and other clients manage employee rewards, raised a $165M Series B at an over $1B valuation
Awardco announced Tuesday it has raised a $165 million Series B, valuing the employee rewards platform at more than $1 billion.
Figma confidentially files for a US IPO, more than a year after Adobe's $20B acquisition failed; the company was valued at $12.5B in a May 2024 tender offer
Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States …