$ADBE (+1,44ย %) | Adobe Q4 Earnings Highlights:
๐น Revenue: $5.61B (Est. $5.54B) ๐ข; +11% YoY
๐น Adjusted EPS: $4.81 (Est. $4.67) ๐ข; +12.6% YoY
๐น RPO: $20B; +16% YoY
FY25 Guidance:
๐น Revenue: $23.3B-$23.55B (Est. $23.78B) ๐ด
๐น Adjusted EPS: $20.20-$20.50 (Est. $20.52) ๐ด
Q1 Outlook:
๐น Revenue: $5.63B-$5.68B (Est. $5.72B) ๐ด
๐น Adjusted EPS: $4.95-$5.00 (Est. $4.95) ๐ก
Q4 Revenue Breakdown:
๐น Subscription Revenue: $5.37B (Est. $5.28B) ๐ข; +13% YoY
๐น Product Revenue: $81M (Est. $99.8M) ๐ด; -29% YoY
๐น Services & Other: $160M (Est. $154.8M) ๐ก; -6.4% YoY
Key Financial Metrics:
๐น Adjusted Operating Income: $2.60B (Est. $2.53B) ๐ข; +11% YoY
๐น Operating Cash Flow: Record $2.92B in Q4; FY2024 total: $8.06B
๐น Share Repurchases: 4.6M shares in Q4; 17.5M for FY2024
Segment Performance:
Digital Media:
๐น Revenue: $4.15B; +12% YoY
๐น Document Cloud: $843M; +17% YoY
๐น Creative Cloud: $3.30B; +10% YoY
Digital Experience:
๐น Revenue: $1.40B; +10% YoY
๐น Subscription Revenue: $1.27B; +13% YoY
Key Takeaways:
๐ธ Adobe delivered record FY2024 revenue of $21.51B and strong cash flow performance.
๐ธ FY2025 guidance reflects a $200M forex headwind and subscription transition impacts.
๐ธ RPO Growth highlights continued demand for Adobe's cloud platforms.
CEO Commentary:
๐ธ "Our AI-driven innovation across Creative Cloud, Document Cloud, and Experience Cloud continues to fuel the digital economy and position Adobe for sustainable growth."