Adobe will repurchase up to $25 billion in stock over the next four years

Glonghui, April 22 — Adobe announced that it will repurchase up to $25 billion worth of stock over the next four years. Since the beginning of this year, the company’s stock has fallen by more than 29% in total. The company’s Chief Financial Officer, Dan Durn, stated in a release on Tuesday that this new buyback authorization demonstrates our confidence in the company’s strong cash flow and our commitment to creating long-term value for investors. This buyback authorization is being launched as the nearly completed $25 billion buyback plan announced in March 2024 nears its end.