Summary by Moomoo AI
Adobe achieved record Q4 FY2024 revenue of $5.61 billion, up 11% YoY, with GAAP net income of $1.68 billion. Digital Media segment revenue grew 12% to $4.15 billion, while Digital Experience segment revenue increased 10% to $1.40 billion. The company generated record Q4 operating cash flows of $2.92 billion and reached record RPO of $19.96 billion.For full fiscal year 2024, Adobe delivered strong performance with revenue of $21.51 billion, up 11% YoY. Digital Media segment revenue reached $15.86 billion, growing 12% YoY, while Digital Experience segment revenue hit $5.37 billion, up 10%. The company achieved $8.06 billion in operating cash flows and $5.56 billion in GAAP net income for the year.Looking ahead to FY2025, Adobe projects total revenue between $23.30-23.55 billion, with Digital Media segment revenue of $17.25-17.40 billion and Digital Experience segment revenue of $5.80-5.90 billion. The company expects GAAP EPS of $15.80-16.10 and non-GAAP EPS of $20.20-20.50.
