I am considering getting Lightroom (and/or Photoshop) priavtely as I use them at work and really enjoy them. I am, however, evry confused by the pricing on the adobe page. In particular, how can the bundle of both programs be half as expensive, e.g., as Photoshop alone? Is there any catch in the bundle? Less features in the programs, etc.?
No, there is no catch. PS is the same software you will find in Photo subscription. The only difference is Photo subscription include as you can see LR Classic, LR, PS with 20GB of cloud space. And LR subscription is with 1TB cloud space (and by my understanding include only LR and not LR Classic).
IMHO PS subscription follow the price formula of Adobe for single application plans.
Maybe there is some difference about number of included Adobe Stock images in different subscriptions.
P.S. Some time ago there was text that the price of Photo package is temporary and as far as I remember there was try from Adobe to raise the price but customers voices stop them from doing it.