Adobe stock slides again after annual report filing; what investors watch next
Adobe shares fell 2.6% to $296.12 in after-hours trading Friday after filing its annual report. The company reported fiscal 2025 revenue of $23.77 billion and net income of $7.13 billion, with $5.43 billion in cash and $11.28 billion spent on buybacks. The report cited rising competition from AI in creative software. U.S. markets are closed Monday for Martin Luther King Jr. Day.