Adobe Says Record $9.12 Bln Was Spent Online For Black Friday (Nov. 25), Up 2.3% YoY

Published on November 26, 2022 06:18 AM PST

Adobe Says Record $9.12 Bln Was Spent Online For Black Friday (Nov. 25), Up 2.3% YoY — Image source: ©2022 Kalkine Media®

Nov 26 (Reuters) - Adobe Inc:

* ADOBE SAYS A RECORD $9.12 BILLION WAS SPENT ONLINE FOR BLACK FRIDAY (NOV. 25), UP 2.3% YOY

* ADOBE SAYS ELECTRONICS WERE A MAJOR GROWTH DRIVER, WITH ONLINE SALES UP 221% OVER THE AVERAGE DAY IN OCTOBER 2022

* ADOBE SAYS MOBILE SHOPPING REMAINS A BIG STORY, WITH BLACK FRIDAY HITTING A NEW RECORD: 48% OF ONLINE SALES CAME FROM SMARTPHONES, UP FROM 44% LAST YEAR.

* ADOBE SAYS E-COMMERCE ACTIVITY EXPECTED TO REMAIN STRONG THIS WEEKEND, WITH SHOPPERS SET TO SPEND OVER $9 BILLION ONLINE ($4.52 BILLION ON SAT, $4.99 BILLION ON SUN)

* ADOBE EXPECTS CYBER MONDAY TO BE THE SEASON’S (AND YEAR’S) BIGGEST ONLINE SHOPPING DAY AGAIN, DRIVING $11.2 BILLION IN SPEND AND GROWING 5.1% YOY

* THANKSGIVING GENERATED A RECORD $5.29 BILLION IN ONLINE SPEND, UP 2.9% YOY Further company coverage:

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