🧵 Deep Dive: Adobe ( $ADBE)
One of the biggest SaaS companies in the world by revenue.
So why has its stock collapsed over 40% from its 2024 highs?
Is the fortress crumbling, or is this the value opportunity the market is missing? We did a deep dive. 🧵👇
2/ The Business Fortress
First, understand the machine. $ADBE's empire is built on two pillars, with 95% of its revenue coming from sticky, predictable subscriptions:
1️⃣ Digital Media (74% of revenue): The iconic Creative Cloud (Photoshop, Premiere) & Document Cloud (Acrobat, Sign). This segment alone boasts an $18.1 Billion Annualized Recurring Revenue (ARR).
2️⃣ Digital Experience (25% of revenue): A full enterprise suite for marketing, analytics, and e-commerce.
