Adobe demonstrated strong financial performance and innovative product development in FY 2024, achieving record revenues and expanding its AI capabilities. Despite this, there were concerns about growth acceleration, particularly in the Creative Cloud segment, and anticipated revenue headwinds from FX and subscription transitions in FY 2025.

Company Guidance

During Adobe's Q4 2024 earnings call, the company provided robust guidance and highlighted significant achievements across its business segments. Adobe reported Q4 revenue of $5.61 billion, marking an 11% year-over-year growth, with the Digital Media segment contributing $4.15 billion and the Digital Experience segment $1.40 billion. The company achieved record net new Digital Media ARR of $578 million and a Digital Experience subscription revenue of $1.27 billion, representing 12% growth. For the fiscal year 2024, Adobe's revenue reached a record $21.51 billion, with GAAP and non-GAAP earnings per share at $12.36 and $18.42, respectively, showing 5% and 15% growth. The company exited the year with $19.96 billion in RPO and $7.89 billion in cash and short-term investments. Looking ahead to FY 2025, Adobe targets revenue between $23.30 billion and $23.55 billion, with GAAP EPS of $15.80 to $16.10 and non-GAAP EPS of $20.20 to $20.50, focusing on expanding its AI innovation and integrated solutions like GenStudio to drive growth.

Record Revenue and Growth

Adobe achieved record revenue of $21.51 billion in FY 2024, representing 11% year-over-year growth. GAAP EPS was $12.36 and non-GAAP EPS was $18.42, growing 5% and 15% year-over-year, respectively.

Strong Digital Media and Experience Performance

In Q4, Adobe's Digital Media revenue was $4.15 billion, growing 12% year-over-year. Digital Experience revenue was $1.4 billion for the quarter, with subscription revenue growing 12% year-over-year.

Innovations in AI and Product Development

Adobe introduced new AI models and innovations, including the Firefly family and AI Assistant in Acrobat, which enhanced productivity and drove customer adoption.

Significant Enterprise Customer Wins

Adobe secured key enterprise customers such as Abbott Laboratories, American Express, Coca-Cola, and the U.S. Department of Defense.

Strong Document Cloud Performance

Document Cloud revenue in Q4 was $843 million, growing 17% year-over-year, with a record net new ARR of $173 million.

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Adobe Systems Incorporated (DE:ADB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:ADB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 13, 2018	2018 (Q3)	- / 1.68	1.067	57.27% (+0.61)	―	―
Dec 13, 2018	2018 (Q4)	- / 1.78	1.223	45.24% (+0.55)	―	―
Mar 14, 2019	2019 (Q1)	- / 1.66	1.504	10.32% (+0.16)	―	―
Jun 18, 2019	2019 (Q2)	- / 1.78	1.611	10.24% (+0.16)	―	―
Sep 17, 2019	2019 (Q3)	- / 1.99	1.679	18.50% (+0.31)	―	―
Dec 12, 2019	2019 (Q4)	- / 2.22	1.776	25.14% (+0.45)	―	―
Mar 12, 2020	2020 (Q1)	- / 2.20	1.659	32.75% (+0.54)	―	―
Jun 11, 2020	2020 (Q2)	- / 2.38	1.776	33.88% (+0.60)	―	―
Sep 15, 2020	2020 (Q3)	- / 2.49	1.989	25.37% (+0.50)	―	―
Dec 10, 2020	2020 (Q4)	- / 2.73	2.222	22.71% (+0.50)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:ADB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 11, 2024	€522.00	€458.75	-12.12%
Sep 12, 2024	€523.50	€480.20	-8.27%
Jun 13, 2024	€426.40	€490.60	+15.06%
Mar 14, 2024	€525.80	€450.10	-14.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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