Adobe (NASDAQ: ADBE) recently reported its quarterly results that were ahead of market expectations. However, it provided a weak outlook that sent the stock tumbling 11% in the after-hours trading session. Adobe's Financials Adobe's first quarter revenues grew 11% to $5.18 billion, ahead of the market's estimates of $5.14 billion. Adjusted EPS of $4.48 also beat analyst estimates of $4.38. During the quarter, Digital Media segment revenue grew 12% to $3.82 billion with creative revenue growing 11% to $3.07 billion and Document Cloud revenue growing 18% to $750 million. Net new Digital Media Annualized Recurring Revenue (ARR) was $432 million, exiting the quarter with Digital Media ARR of $15.76 billion. Digital Experience segment revenue grew 10% to $1.29 billion with Digital Experience subscription revenue growing 12% to $1.16 billion. Last quarter, Adobe paid $1 billion in termination fee to Figma as it terminated the $20 billion acquisition plan. For the second quarter,