Compared to Estimates, Adobe (ADBE) Q4 Earnings: A Look at Key Metrics

Core Insights - Adobe Systems reported $6.19 billion in revenue for the quarter ended November 2025, marking a year-over-year increase of 10.5% and an EPS of $5.50 compared to $4.81 a year ago, exceeding Zacks Consensus Estimates [1] - The reported revenue surpassed the Zacks Consensus Estimate of $6.1 billion by 1.5%, while the EPS surprise was 2.04% above the consensus estimate of $5.39 [1] Financial Performance Metrics - Total Digital Media ARR reached $19.2 billion, slightly above the average estimate of $19.18 billion [4] - Digital Media revenue was $4.62 billion, exceeding the estimated $4.54 billion, reflecting an 11.5% year-over-year increase [4] - Digital Experience revenue was $1.52 billion, slightly above the $1.51 billion estimate, with an 8.9% year-over-year change [4] - Publishing and Advertising revenue was $60 million, surpassing the estimated $50.21 million, but showing a decline of 7.7% year-over-year [4] - Services and other revenue totaled $131 million, below the average estimate of $143.27 million, representing an 18.1% year-over-year decline [4] - Subscription revenue was $5.99 billion, slightly above the $5.9 billion estimate, with an 11.6% year-over-year increase [4] - Products revenue was $74 million, exceeding the estimated $63.03 million, but reflecting an 8.6% year-over-year decline [4] - Subscription Revenue for Digital Experience was $1.41 billion, slightly above the $1.4 billion estimate, with an 11.5% year-over-year increase [4] Stock Performance - Adobe shares returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]