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Nov 29, 2024
Adobe Q4 2024 Earnings Report
Adobe reported record Q4 and Fiscal 2024 revenue driven by strong demand for Creative Cloud, Document Cloud, and Experience Cloud.
Key Takeaways
Adobe achieved record Q4 revenue of $5.61 billion, representing 11 percent year-over-year growth. Diluted earnings per share was $3.79 on a GAAP basis and $4.81 on a non-GAAP basis. Record cash flows from operations were $2.92 billion.
FY2024 Net New Digital Media ARR exceeds $2.0 billion
FY2024 Digital Experience revenue exceeds $5.3 billion
Record Q4 operating cash flows of $2.92 billion
Record RPO of $19.96 billion, 16 percent year-over-year growth
Adobe
Adobe
Adobe Revenue by Segment
Revenue by Segment
Digital Media Revenue
CapyFin.comDigital Experience Revenue
CapyFin.com Forward Guidance
Adobe provided financial targets for fiscal year 2025 and the first quarter of fiscal year 2025.
Positive Outlook
- Total revenue for FY2025 is expected to be $23.30 billion to $23.55 billion
- Digital Media segment revenue for FY2025 is expected to be $17.25 billion to $17.40 billion
- Digital Experience segment revenue for FY2025 is expected to be $5.80 billion to $5.90 billion
- Total revenue for Q1 2025 is expected to be $5.63 billion to $5.68 billion
- Digital Media segment revenue for Q1 2025 is expected to be $4.17 billion to $4.20 billion
Challenges Ahead
- Digital Media ending ARR growth 11.0% year over year
- Digital Experience subscription revenue $5.375 billion to $5.425 billion
- GAAP diluted net income per share $15.80 to $16.10
- Digital Experience segment revenue for Q1 2025 is expected to be $1.38 billion to $1.40 billion
- GAAP diluted net income per share $3.85 to $3.90
Revenue & Expenses
Visualization of income flow from segment revenue to net income