With almost $7.9 billion in FCF generated in 2024, Adobe trades on 24.6 times 2024 FCF. That's not expensive for a company with such a scalable business model, whereby ARR from subscriptions drops ...
However, as of January 15, 2025, Adobe is phasing out this popular plan - and as per our previous report, existing users will still be able to retain their subscriptions, albeit at a higher cost.