Adobe reported strong Q3 fiscal 2024 results with revenue increasing 11% year-over-year to $5.41 billion. Digital Media segment revenue grew 11% to $4.0 billion, driven by Creative revenue of $3.19 billion and Document Cloud revenue of $807 million. Digital Media ARR reached $16.76 billion, with Creative ARR at $13.45 billion and Document Cloud ARR at $3.31 billion. Digital Experience segment revenue rose 10% to $1.35 billion.Operating income was $1.99 billion with a 37% operating margin. The company generated net income of $1.68 billion, up 20% year-over-year, and diluted earnings per share of $3.76. Cash flows from operations were $5.14 billion for the first nine months of fiscal 2024, though impacted by a $1 billion Figma termination fee paid in Q1.Adobe continued to innovate across its portfolio, introducing new AI capabilities including Adobe Firefly and Acrobat AI Assistant. The company repurchased approximately 12.9 million shares during the first nine months of fiscal 2024 and had $20.15 billion remaining in its stock repurchase authorization as of quarter-end. Management highlighted strong demand across Digital Media and Digital Experience offerings, driven by product innovation and increased AI-powered solution adoption.

Adobe reported strong Q3 fiscal 2024 results with revenue increasing 11% year-over-year to $5.41 billion. Digital Media segment revenue grew 11% to $4.0 billion, driven by Creative revenue of $3.19 billion and Document Cloud revenue of $807 million. Digital Media ARR reached $16.76 billion, with Creative ARR at $13.45 billion and Document Cloud ARR at $3.31 billion. Digital Experience segment revenue rose 10% to $1.35 billion.Operating income was $1.99 billion with a 37% operating margin. The company generated net income of $1.68 billion, up 20% year-over-year, and diluted earnings per share of $3.76. Cash flows from operations were $5.14 billion for the first nine months of fiscal 2024, though impacted by a $1 billion Figma termination fee paid in Q1.Adobe continued to innovate across its portfolio, introducing new AI capabilities including Adobe Firefly and Acrobat AI Assistant. The company repurchased approximately 12.9 million shares during the first nine months of fiscal 2024 and had $20.15 billion remaining in its stock repurchase authorization as of quarter-end. Management highlighted strong demand across Digital Media and Digital Experience offerings, driven by product innovation and increased AI-powered solution adoption.