Adobe Announces $25 Billion Buyback Following Share Slide

Adobe Inc. will buy back as much as $25 billion of its stock following a steady decline for more than two years over investor concerns that artificial intelligence will disrupt the company’s business.

The new authorization, which extends through April 2030, “is a direct expression of confidence in our robust cash flow and the long-term value we are delivering to investors,” Chief Financial Officer Dan Durn said Tuesday in a statement.