$ADBE (+1.44%) | Adobe Q4 Earnings Highlights:

🔹 Revenue: $5.61B (Est. $5.54B) 🟢; +11% YoY

🔹 Adjusted EPS: $4.81 (Est. $4.67) 🟢; +12.6% YoY

🔹 RPO: $20B; +16% YoY

FY25 Guidance:

🔹 Revenue: $23.3B-$23.55B (Est. $23.78B) 🔴

🔹 Adjusted EPS: $20.20-$20.50 (Est. $20.52) 🔴

Q1 Outlook:

🔹 Revenue: $5.63B-$5.68B (Est. $5.72B) 🔴

🔹 Adjusted EPS: $4.95-$5.00 (Est. $4.95) 🟡

Q4 Revenue Breakdown:

🔹 Subscription Revenue: $5.37B (Est. $5.28B) 🟢; +13% YoY

🔹 Product Revenue: $81M (Est. $99.8M) 🔴; -29% YoY

🔹 Services & Other: $160M (Est. $154.8M) 🟡; -6.4% YoY

Key Financial Metrics:

🔹 Adjusted Operating Income: $2.60B (Est. $2.53B) 🟢; +11% YoY

🔹 Operating Cash Flow: Record $2.92B in Q4; FY2024 total: $8.06B

🔹 Share Repurchases: 4.6M shares in Q4; 17.5M for FY2024

Segment Performance:

Digital Media:

🔹 Revenue: $4.15B; +12% YoY

🔹 Document Cloud: $843M; +17% YoY

🔹 Creative Cloud: $3.30B; +10% YoY

Digital Experience:

🔹 Revenue: $1.40B; +10% YoY

🔹 Subscription Revenue: $1.27B; +13% YoY

Key Takeaways:

🔸 Adobe delivered record FY2024 revenue of $21.51B and strong cash flow performance.

🔸 FY2025 guidance reflects a $200M forex headwind and subscription transition impacts.

🔸 RPO Growth highlights continued demand for Adobe's cloud platforms.

CEO Commentary:

🔸 "Our AI-driven innovation across Creative Cloud, Document Cloud, and Experience Cloud continues to fuel the digital economy and position Adobe for sustainable growth."