Adobe reports record Q4 and FY2023 revenue; discloses FTC investigation into subscription practices

ADOBE INC.

Record Q4 and FY2023 revenue achieved (specific figures not provided in filing exhibit).
FTC staff asserts authority for consent negotiations on disclosure and cancellation practices under ROSCA; company believes practices comply but engaging.
FTC matter could involve significant monetary costs or penalties and have material impact on financial results.
Adopted 2023 Executive Severance Plan in Event of Change of Control, substantially same as prior plan, effective Dec 13, 2023.

item 2.02 item 5.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADOBE INC. reported financial results for fourth quarter and fiscal year 2023 ended December 1, 2023.

Period: fourth quarter and fiscal year 2023 ended December 1, 2023
Result: reported results

Exact text from the filing

On December 13, 2023, Adobe Inc. (the "Company") issued a press release announcing financial results for its fourth quarter and fiscal year 2023 ended December 1, 2023.

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Source: SEC EDGAR

accession 0000796343-23-000252

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