Adobe announces US$25 billion buyback following share slide
Adobe announced a US$25 billion stock buyback plan to boost investor confidence after its shares declined due to concerns over AI disruption. The company's shares rose 2% in extended trading following the announcement.
Adobe will buy back up to US$25 billion of its stock after a steady decline over two years due to investor concerns about AI disrupting its business. The authorization, valid until April 2030, is seen as a sign of confidence in the company's cash flow and long-term value. Adobe's shares gained 2% in extended trading after closing at US$247.18 in New York. The stock has declined 29% this year and almost 60% since 2024. The buyback plan replaces a previous US$25 billion authorization announced in March 2024, which is nearly completed. Adobe is among software companies that have faced investor skepticism over AI's potential to disrupt their business models.
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