Market Mover | Following Lackluster Q3 Performance, Adobe Shares Drop Nearly 9% in Post-Market
Market Mover | Following Lackluster Q3 Performance, Adobe Shares Drop Nearly 9% in Post-Market
• Cash flows from operations were $2.02 billion. $Adobe (ADBE.US)$ reported financial results for its third quarter fiscal year 2024 ended Aug. 30, 2024. In the third quarter, Adobe's revenue exceeded expectations, achieving a year-over-year increase of 11% and setting a new record for the highest revenue in a single quarter. The key performance indicator for its core business, Annual Recurring Revenue (ARR), unexpectedly rose by 8.6%. However, the revenue guidance for the fourth quarter indicates a maximum increase of nearly 10%, which is slower than expected, and the ARR guidance is projected to decrease by 3.3%, more than double the decline anticipated by analysts.
$Adobe (ADBE.US)$ 报告了截至2024年8月30日的第三季度财务业绩。在第三季度，adobe的营业收入超出预期，同比增长11%，创下了单季度最高营收的新纪录。其核心业务的关键绩效指标，年度重复收入（ARR），意外增长了8.6%。然而，第四季度的营收指导预示最多增长近10%，这比预期的要慢，ARR的指导预计将减少3.3%，是分析师预期的两倍多。
Third Quarter Fiscal Year 2024 Financial Highlights
2024财年第三季度财务亮点
• Adobe achieved revenue of $5.41 billion in its third quarter of fiscal year 2024, which represents 11 percent year-over-year growth as reported and in constant currency. Diluted earnings per share was $3.76 on a GAAP basis and $4.65 on a non-GAAP basis.
• adobe在2024财年第三季度实现了541亿美元的营业收入，同比增长11%，按报告和恒定货币计算。按照通用会计准则，每股摊薄收益为3.76美元，按非通用会计准则计算为4.65美元。
• GAAP operating income in the third quarter was $1.99 billion and non-GAAP operating income was $2.52 billion. GAAP net income was $1.68 billion and non-GAAP net income was $2.08 billion.
• 第三季度通用会计准则下的营业收入为199亿美元，非通用会计准则下的营业收入为252亿美元。通用会计准则下的净利润为168亿美元，非通用会计准则下的净利润为208亿美元。
• Cash flows from operations were $2.02 billion.
• 营运现金流为202亿美元。
• The remaining performance obligations (“RPO”) that exited the quarter were $18.14 billion.
• 退出本季度的剩余履约义务（"RPO"）为181.4亿美元。
• Adobe repurchased approximately 5.2 million shares during the quarter.
• adobe在本季度回购了约520万股。
Third Quarter Fiscal Year 2024 Business Segment Highlights
2024财年第三季度业务板块亮点
• Digital Media segment revenue was $4.00 billion, representing 11 percent year-over-year growth or 12 percent in constant currency. Document Cloud revenue was $807 million, representing 18 percent year-over-year growth as reported and in constant currency. Creative revenue grew to $3.19 billion, representing 10 percent year-over-year growth or 11 percent in constant currency.
• 数字媒体业务营业收入为40亿美元，同比增长11%，按恒定货币计算为12%。文档云营业收入为8.07亿美元，同比增长18%，按报告和恒定货币计算为18%。创意收入增长至31.9亿美元，同比增长10%，按恒定货币计算为11%。
• Net new Digital Media Annualized Recurring Revenue (“ARR”) was $504 million, exiting the quarter with Digital Media ARR of $16.76 billion. Document Cloud ARR grew to $3.31 billion and Creative ARR grew to $13.45 billion.
• 净新增数字媒体年化重复收入（"ARR"）为5.04亿美元，本季度末数字媒体ARR为167.6亿美元。文档云ARR增至33.1亿美元，创意ARR增至134.5亿美元。
• Digital Experience segment revenue was $1.35 billion, representing 10 percent year-over-year growth as reported and in constant currency. Digital Experience subscription revenue was $1.23 billion, representing 12 percent year-over-year growth as reported and in constant currency.
• 数字体验业务营业收入为13.5亿美元，同比增长10%，按报告和恒定货币计算为10%。数字体验订阅收入为12.3亿美元，同比增长12%，按报告和恒定货币计算为12%。
Financial Targets
财务目标
Adobe is providing fourth-quarter targets that factor in current macroeconomic conditions and year-end seasonal strength.
Adobe 正在提供考虑到当前宏观经济状况和年末季节性力量的第四季度目标。
The following table summarizes Adobe’s fourth-quarter fiscal year 2024 targets:
以下表格总结了 Adobe 2024财年第四季度的目标：
