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.
$Adobe (ADBE.US)$ 報告了截至2024年8月30日的第三季度財務業績。在第三季度，adobe的營業收入超出預期，同比增長11%，創下了單季度最高營收的新紀錄。其核心業務的關鍵績效指標，年度重複收入（ARR），意外增長了8.6%。然而，第四季度的營收指導預示最多增長近10%，這比預期的要慢，ARR的指導預計將減少3.3%，是分析師預期的兩倍多。
Third Quarter Fiscal Year 2024 Financial Highlights
2024財年第三季度財務亮點
• 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財年第三季度實現了541億美元的營業收入，同比增長11%，按報告和恒定貨幣計算。按照通用會計準則，每股攤薄收益爲3.76美元，按非通用會計準則計算爲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.
• 第三季度通用會計準則下的營業收入爲199億美元，非通用會計準則下的營業收入爲252億美元。通用會計準則下的淨利潤爲168億美元，非通用會計準則下的淨利潤爲208億美元。
• Cash flows from operations were $2.02 billion.
• 營運現金流爲202億美元。
• The remaining performance obligations (“RPO”) that exited the quarter were $18.14 billion.
• 退出本季度的剩餘履約義務（"RPO"）爲181.4億美元。
• Adobe repurchased approximately 5.2 million shares during the quarter.
• adobe在本季度回購了約520萬股。
Third Quarter Fiscal Year 2024 Business Segment Highlights
2024財年第三季度業務板塊亮點
• 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.
• 數字媒體業務營業收入爲40億美元，同比增長11%，按恒定貨幣計算爲12%。文檔雲營業收入爲8.07億美元，同比增長18%，按報告和恒定貨幣計算爲18%。創意收入增長至31.9億美元，同比增長10%，按恒定貨幣計算爲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.
• 淨新增數字媒體年化重複收入（"ARR"）爲5.04億美元，本季度末數字媒體ARR爲167.6億美元。文檔雲ARR增至33.1億美元，創意ARR增至134.5億美元。
• 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.
• 數字體驗業務營業收入爲13.5億美元，同比增長10%，按報告和恒定貨幣計算爲10%。數字體驗訂閱收入爲12.3億美元，同比增長12%，按報告和恒定貨幣計算爲12%。
Financial Targets
財務目標
Adobe is providing fourth-quarter targets that factor in current macroeconomic conditions and year-end seasonal strength.
Adobe 正在提供考慮到當前宏觀經濟狀況和年末季節性力量的第四季度目標。
The following table summarizes Adobe’s fourth-quarter fiscal year 2024 targets:
以下表格總結了 Adobe 2024財年第四季度的目標：
