Adobe Announces New $25 Billion Stock Repurchase Program

Group 1 - Adobe's board of directors has approved a new stock repurchase authorization allowing the company to repurchase up to $25 billion in common stock through March 14, 2028 [1] - The stock repurchase program aims to return value to shareholders, minimize dilution from stock issuances, and reduce share count over time [1] - Adobe's CFO highlighted the company's profitability and cash flows, emphasizing the ability to drive growth and invest in innovation while returning significant capital to shareholders [1] Group 2 - Adobe will host a conference call for its first quarter fiscal year 2024 earnings on the same day at 2:00 p.m. Pacific Time, with earnings documents available on its investor relations website [2] - An Investor Meeting will take place at Adobe Summit 2024 on March 26, 2024, where executives will discuss long-term market opportunities, strategy, and innovation, including artificial intelligence [3]