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Adobe | 8-K: Fourth Quarter and Fiscal Year 2024 Financial Results

SEC ·  Dec 12, 2024 05:10

Summary by Futu AI

Adobe achieved record Q4 and fiscal year 2024 results, with annual revenue reaching $21.51B, up 11% YoY. Q4 revenue hit $5.61B, growing 11% YoY. Digital Media ARR surpassed $17.33B, with net new ARR of $2B for the year.The Digital Experience segment generated $5.37B in FY2024 revenue, up 10% YoY. Q4 cash flows from operations set a record at $2.92B. Adobe's non-GAAP diluted EPS for FY2024 was $18.42, while GAAP EPS reached $12.36.For FY2025, Adobe targets revenue between $23.30B to $23.55B, with Digital Media revenue of $17.25B to $17.40B and Digital Experience revenue of $5.80B to $5.90B. The company expects non-GAAP EPS of $20.20 to $20.50 for FY2025.
Adobe achieved record Q4 and fiscal year 2024 results, with annual revenue reaching $21.51B, up 11% YoY. Q4 revenue hit $5.61B, growing 11% YoY. Digital Media ARR surpassed $17.33B, with net new ARR of $2B for the year.The Digital Experience segment generated $5.37B in FY2024 revenue, up 10% YoY. Q4 cash flows from operations set a record at $2.92B. Adobe's non-GAAP diluted EPS for FY2024 was $18.42, while GAAP EPS reached $12.36.For FY2025, Adobe targets revenue between $23.30B to $23.55B, with Digital Media revenue of $17.25B to $17.40B and Digital Experience revenue of $5.80B to $5.90B. The company expects non-GAAP EPS of $20.20 to $20.50 for FY2025.

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