Adobe Inc. reported on Wednesday its revenue in the first quarter of 2025 amounted to $5.7 billion, rising 10% compared to the same period a year earlier and matching estimates. Subscription revenue was up 11.5% to $5.5 billion, while product revenue and services and other revenue declined 20% and 7%, respectively.
GAAP net income soared 192% to $1.8 billion, or $4.14 per diluted share, while adjusted net income rose 9% to $2.2 billion, or $5.08 per share. Operating income landed at $2.9 billion.
"Adobe is well-positioned to capitalize on the acceleration of the creative economy driven by AI and we are reaffirming our FY2025 financial targets," CEO Shantanu Narayen stated.
Adobe's stock slid 2.5% in after-hours trading following the release of the results.
