Adobe (ADBE) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended tꦚrading Wednesday. 

The Creative Cloud software provider projected 2025 revenue of $23.3 billion to $23.55 billion, below the analyst consensus of $23.77 billion from Visible Alpha. Its first-quarter revenue forecast of $💖5.63 billion to $5.68 billion also fell shor𝐆t of expectations.

In its fiscal fourth-quarter, Adobe delivered revenue of $5.61 billion, up 11% year-over-year, and above the analyst consen💦sus. Net income of $1.68 billion or $3.79 per share compared to $1.48 billion or $3.23 per share a year earlier and topped projections. 

Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, saw net-new annualized recurring revenue of $578 million, up 2% year-over-year and above analysts' projections.

Shares tumbled 8% after the bell following the release. They were down close to 8% for 2024 through Wednesday’s close.