Business Segments · Cost of revenue

Publishing and Advertising — Cost of revenue

Adobe Publishing and Advertising — Cost of revenue increased by 10.0% to $22.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 4.3%, from $23.00M to $22.00M. Over 4 years (FY 2021 to FY 2025), Publishing and Advertising — Cost of revenue shows a downward trend with a -7.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2025

How to read this metric

An increase relative to revenue may signal rising operational inefficiencies or higher maintenance costs for legacy software.

Detailed definition

This metric measures the direct costs associated with producing and delivering the products and services within the publ...

Peer comparison

Comparable to cost of goods sold (COGS) for legacy software divisions in technology firms.

Metric ID: adbe_segment_publishing_and_advertising_cost_of_revenue

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$26.00M$27.00M$32.00M$26.00M$24.00M$25.00M$27.00M$22.00M$21.00M$22.00M$21.00M$22.00M$22.00M$22.00M$23.00M$21.00M$22.00M$20.00M$22.00M
QoQ Change+3.8%+18.5%-18.8%-7.7%+4.2%+8.0%-18.5%-4.5%+4.8%-4.5%+4.8%+0.0%+0.0%+4.5%-8.7%+4.8%-9.1%+10.0%
YoY Change-7.7%-7.4%-15.6%-15.4%-12.5%-12.0%-22.2%+0.0%+4.8%+0.0%+9.5%-4.5%+0.0%-9.1%-4.3%
Range$20.00M$32.00M
CAGR-3.6%
Avg YoY Growth-6.4%
Median YoY Growth-7.4%

Frequently Asked Questions

What is Adobe's publishing and advertising — cost of revenue?
Adobe (ADBE) reported publishing and advertising — cost of revenue of $22.00M in Q4 2025.
How has Adobe's publishing and advertising — cost of revenue changed year-over-year?
Adobe's publishing and advertising — cost of revenue decreased by 4.3% year-over-year, from $23.00M to $22.00M.
What is the long-term trend for Adobe's publishing and advertising — cost of revenue?
Over 4 years (2021 to 2025), Adobe's publishing and advertising — cost of revenue has grown at a -7.3% compound annual growth rate (CAGR), from $115.00M to $85.00M.
What does publishing and advertising — cost of revenue mean?
The direct costs incurred to generate revenue within the publishing and advertising segment.