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    Adobe Inc (ADBE)

    Leadership Changes

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    Adobe Inc. is a global technology company dedicated to transforming the world through personalized digital experiences. The company specializes in software products and services that facilitate content creation, customer experience management, and advertising solutions . Adobe operates through three main segments: Digital Media, Digital Experience, and Publishing and Advertising, offering a range of tools and platforms for creative professionals and businesses .

    1. Digital Media - Offers products and services for content creation, publishing, and promotion, centered around Adobe Creative Cloud and Adobe Document Cloud. Key tools include Photoshop, Illustrator, Lightroom, Premiere Pro, and Acrobat .

      • Adobe Creative Cloud - Provides a suite of applications for graphic design, video editing, web development, and photography.
      • Adobe Document Cloud - Offers solutions for creating, editing, and managing PDF documents.
    2. Digital Experience - Provides an integrated platform through Adobe Experience Cloud, enabling businesses to manage customer experiences from analytics to commerce. Includes Adobe Experience Manager and Workfront .

      • Adobe Experience Manager - A comprehensive content management solution for building websites, mobile apps, and forms.
      • Workfront - A work management platform that helps teams collaborate and manage projects efficiently.
    3. Publishing and Advertising - Includes legacy products and services such as eLearning solutions, technical document publishing, and Adobe Advertising offerings .

      • eLearning Solutions - Tools for creating and managing online learning content.
      • Technical Document Publishing - Solutions for publishing complex documents and technical content.
      • Adobe Advertising - Offers advertising solutions to optimize media spend and improve campaign performance.
    NamePositionExternal RolesShort Bio

    Shantanu Narayen

    ExecutiveBoard

    Chair and Chief Executive Officer

    Lead Independent Director at Pfizer Inc.

    Joined Adobe in 1998; CEO since 2007; instrumental in Adobe's transformation to cloud-based solutions.

    View Report →

    Anil Chakravarthy

    Executive

    President, Digital Experience

    Board Member at Ansys, Inc.

    Joined Adobe in 2020; leads Adobe's Digital Experience business and global field operations.

    Daniel Durn

    Executive

    Chief Financial Officer and EVP, Finance

    Board Member at Marvell Technology, Inc.

    Joined Adobe in 2021; oversees financial strategy, technology services, and operations.

    David Wadhwani

    Executive

    President, Digital Media

    Board Member at Gem Software, Inc.; Trustee at StoryCorps and Fine Arts Museums of San Francisco

    Rejoined Adobe in 2021; oversees Creative Cloud and Document Cloud businesses.

    Gloria Chen

    Executive

    Chief People Officer and Interim EVP, Legal

    None

    Joined Adobe in 1997; oversees employee experience and legal/government relations.

    Jillian Forusz

    Executive

    SVP, Chief Accounting Officer, and Controller

    None

    Joined Adobe in 2007; oversees accounting operations and compliance.

    Lara Balazs

    Executive

    Chief Marketing Officer and EVP, Global Marketing

    Board Member at Frontdoor, Inc.

    Joined Adobe in 2024; leads Adobe's global marketing strategy and brand initiatives.

    Amy Banse

    Board

    Director

    Partner at Mosaic General Partnership; Board Member at Clorox, Lennar, and On Holding AG

    Joined Adobe's board in 2012; provides expertise in media and marketing technology.

    Brett Biggs

    Board

    Director

    Senior Advisor at Blackstone; Board Member at Yum! Brands and Procter & Gamble

    Joined Adobe's board in 2022; former CFO of Walmart; financial expert.

    Cristiano Amon

    Board

    Director

    President and CEO of Qualcomm; Vice Chair of U.S.-China Business Council

    Joined Adobe's board in 2023; brings expertise in mobile, AI, and global operations.

    David Ricks

    Board

    Director

    Chair and CEO of Eli Lilly

    Joined Adobe's board in 2018; expertise in global operations, marketing, and financial management.

    Dheeraj Pandey

    Board

    Director

    CEO of DevRev, Inc.

    Joined Adobe's board in 2019; co-founder and former CEO of Nutanix; expertise in cloud computing and SaaS.

    Kathleen Oberg

    Board

    Director

    CFO and EVP, Development at Marriott International

    Joined Adobe's board in 2019; financial expert with extensive experience in global hospitality.

    Laura Desmond

    Board

    Director

    CEO of Smartly.io; Board Member at DoubleVerify Holdings Inc.

    Joined Adobe's board in 2012; expertise in global media and marketing technology.

    Melanie Boulden

    Board

    Director

    Group President Prepared Foods at Tyson Foods

    Joined Adobe's board in 2020; expertise in global brand marketing and growth strategies.

    Spencer Neumann

    Board

    Director

    CFO of Netflix

    Joined Adobe's board in 2022; financial expert with experience at Netflix, Activision Blizzard, and Disney.

    1. In Q3, Document Cloud revenue grew 18% year-over-year with $163 million in net new ARR . Considering your plans to actively promote subscription plans over legacy perpetual plans that don't include generative AI capabilities, how do you expect this transition to affect your revenue growth and customer retention?

    2. You mentioned significant investments in AI model training and inferencing capacity while continuing to deliver world-class margins . How are these AI-related expenses impacting your operating margins, and what measures are you taking to maintain profitability amidst these increased costs?

    3. With the introduction of Firefly-powered features across products like Photoshop, Illustrator, and Adobe Express targeting a wide range of users , how are you addressing the challenge of serving such a diverse customer base without diluting the focus on your core professional users?

    4. In the Digital Experience segment, you achieved 12% year-over-year growth in subscription revenue , yet enterprises are seeking to maximize ROI on their marketing investments amidst macroeconomic conditions . Are you observing any signs of budget constraints among your enterprise customers, and how are you ensuring sustained growth in this segment?

    5. Given that total API calls for Firefly Services tripled quarter-over-quarter due to strong demand , what challenges do you anticipate in scaling these services, and how do you plan to manage infrastructure costs while ensuring service reliability and performance?

    Program DetailsProgram 1Program 2
    Approval DateDecember 2020 March 2024
    End Date/DurationFully utilized during the nine months ended August 30, 2024 Through March 14, 2028
    Total additional amount$15 billion $25 billion
    Remaining authorization amount$0 (fully utilized) $17.65 billion
    DetailsFully utilized To return value to stockholders and minimize dilution from stock issuances
    YearAmount Due (in billions)Debt TypeInterest Rate (%)% of Total Debt
    20251.51.90% Notes, 3.25% Notes1.90, 3.2526.5% = (1.5 / 5.65) * 100
    20271.352.15% Notes, 4.85% Notes2.15, 4.8523.9% = (1.35 / 5.65) * 100
    20290.754.80% Notes4.8013.3% = (0.75 / 5.65) * 100
    20301.32.30% Notes2.3023.0% = (1.3 / 5.65) * 100
    20340.754.95% Notes4.9513.3% = (0.75 / 5.65) * 100
    NameStart DateEnd DateReason for Change
    KPMG LLP1983 PresentCurrent auditor

    Recent developments and announcements about ADBE.

    Earnings

    • New Earnings (Q1 2025)

      ·
      1 day ago

      Adobe's Q1 AI revenue reached $125M, on track to double by year-end. Acrobat monthly active users jumped 23% YoY; AI Assistant usage rose 2x QoQ. Management sees billions of potential new users as AI expands TAM, reinforcing its bullish FY’25 outlook.

      View full earnings summary →

    8-K Filings

    • 8-K Filing

      ·
      Feb 19, 2025, 9:34 PM
      Financial Exhibits
      Leadership Changes

      Adobe announced key updates. Scott Belsky will resign as Chief Strategy Officer effective March 15, 2025. The Board approved the 2025 Performance Share Program, under which executives can earn from 0% to 200% of target awards based on rTSR and Net New Sales over FY2025–27.

      View full 8-K filing →