第四季度，包括Adobe旗舰创意和文档处理软件在内的数字媒体部门的营收同比增长12%，达到41.5亿美元。包括营销和分析软件在内的部门营收同比增长10%，至14亿美元。Adobe (ADBE.US) announced fourth quarter results for the 2024 fiscal year.
The Zhitong Finance App learned that after the US stock market on Wednesday, Adobe (ADBE.US) announced the results for the fourth quarter of the 2024 fiscal year ending November 29, 2024. According to the data, the company's Q4 revenue was 5.61 billion US dollars, up 11% year over year, better than market expectations of 5.54 billion US dollars; earnings per share excluding some projects were 4.81 US dollars, which was also better than the market's forecast of 4.67 US dollars.
Adobe's annual digital media recurring revenue (ARR) for the quarter was $17.3 billion, slightly above analysts' average expectations.
In the fourth quarter, revenue for the digital media division, which includes Adobe's flagship creative and document processing software, grew 12% year over year to $4.15 billion. Revenue from the division, which includes marketing and analytics software, increased 10% year over year to $1.4 billion.
However, Adobe issued disappointing revenue guidance for FY2025, heightening investors' concerns that the creative software giant could be disrupted by emerging artificial intelligence (AI) startups.
Adobe anticipates that in the fiscal year ending November 2025, revenue will reach about $23.4 billion, and earnings per share, excluding some projects, will be between $20.20 and $20.50. In comparison, analysts expect average revenue of $23.8 billion and adjusted earnings per share of $20.52.
Known for its software for creative professionals, Adobe has been adding generative artificial intelligence capabilities to its apps, such as embedding proprietary models Firefly into products like Photoshop. Adobe unveiled an artificial intelligence tool for video production at its annual user conference in October. The tool has been integrated into the editing app Premiere and is slowly being rolled out to the general public.
David Wadhwani, head of Adobe's creative business, said during the earnings call that the company will soon launch “new, more expensive Firefly products,” including video models.
The much-anticipated new creative software business indicator — digital media's annual net recurring revenue will grow 11% in FY2025, in line with market expectations. Adobe's chief financial officer Dan Durn said “a strategy to continue to launch new tiered subscription services and additional services” is included in the scope of the guidance.
After the US market on Wednesday, Adobe's stock price fell 8.97% to $500.61. Adobe's stock price has fallen 7.8% this year, falling behind its software peers and industry benchmarks. Investors have been worried that artificial intelligence-based creative tools from companies such as OpenAI or Runway AI could take away Adobe's market share.
