Adobe (ADBE) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The Creative Cloud software provider projected 2025 revenue of $23.3 billion to $23.55 billion, below the analyst consensus of $23.77 billion from Visible Alpha. Its first-quarter revenue forecast of $5.63 billion to $5.68 billion also fell short of expectations. In its fiscal fourth-quarter, Adobe delivered revenue of $5.61 billion, up 11% year-over-year, and above the anal ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Revenue Growth and Performance - Adobe achieved record FY2024 revenue of $21.51 billion, representing 11% year-over-year growth[3][10] - Digital Media segment revenue reached $15.86 billion in FY2024, with 12% year-over-year growth, and net new Digital Media ARR exceeded $2.0 billion[13] - Document Cloud revenue grew to $3.18 billion in FY2024, an 18% year-over-year increase[14] - Creative revenue reached $12.68 billion in FY2024, with 10% year-over-year growth (11% in constant currency)[15] - Digital Experience segment revenue was $5.37 billion in FY2024, with 10% year-over-year growth, and subscription revenue grew 12% to $4.86 billion[15] - For FY2025, Adobe targets total revenue of $23.30 billion to $23.55 billion, with Digital Media segment revenue expected to grow 11% year-over-year[17] - Adobe expects a $200 million foreign exchange headwind to FY2025 revenue due to currency fluctuations[16] Financial Metrics and Cash Flow - Adobe reported record Q4 operating cash flows of $2.92 billion and FY2024 operating cash flows of $8.06 billion[5][11] - Remaining Performance Obligations (RPO) reached a record $19.96 billion at the end of Q4, reflecting 16% year-over-year growth[6] - Cash and cash equivalents increased to $7.613 billion from $7.141 billion year-over-year[29] - Total current assets rose to $11.232 billion from $11.084 billion year-over-year[29] - Net cash provided by operating activities increased to $2.921 billion from $1.597 billion year-over-year[31] Profitability and Earnings - GAAP net income for the quarter was $1.683 billion, up from $1.483 billion in the same period last year[31] - Non-GAAP operating income for the quarter was $2.596 billion, compared to $2.343 billion in the prior year[34] - Non-GAAP diluted net income per share for the quarter was $4.81, up from $4.27 in the same period last year[35] - GAAP effective income tax rate for the quarter was 15.5%, with a non-GAAP effective income tax rate of 18.5%[37] - Fiscal year 2025 GAAP diluted net income per share target ranges from $15.80 to $16.10, with a non-GAAP target of $20.20 to $20.50[38] - Fiscal year 2025 GAAP operating margin target is 36.0%, with a non-GAAP target of 46.0%[38] - GAAP diluted net income per share for the first quarter is $3.85, with a high of $3.90 for fiscal 2025[40] - Non-GAAP diluted net income per share for the first quarter is $4.95, with a high of $5.00 for fiscal 2025[40] - GAAP operating margin is 37.0%, while Non-GAAP operating margin is 47.0%[40] - GAAP effective income tax rate is 19.0%, adjusted to 18.5% for Non-GAAP[40] Share Repurchase and Capital Allocation - Adobe repurchased approximately 17.5 million shares during FY2024 and 4.6 million shares in Q4[7][12] - Shares used to compute diluted net income per share are 439 million[40] Non-GAAP Financial Measures - Adobe uses non-GAAP financial measures for internal planning and forecasting, providing greater transparency for key metrics[41] - Non-GAAP measures exclude items like stock-based compensation, amortization of intangibles, and income tax adjustments[42] - Adobe provides reconciliations of non-GAAP financial measures to GAAP measures for investor evaluation[42]

Adobe Inc ADBE will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects $4.66 in EPS and $5.54 billion in revenues as the company reports after market hours.The stock is down 12.33% over the past year, up 18.46% over the past six months.Let’s look at what the charts indicate for Adobe stock and how the stock currently maps against Wall Street estimates.Read Also: Adobe Q4 Earnings Preview: Analyst Says Investors May Be Missing Healthy Subscriber GrowthAdobe Stock In Strong Bullish Tre ...

It has been almost two years since I published my last article about Adobe Inc. (NASDAQ: ADBE ) and in my last article I claimed that Adobe was still not a "Buy" and wrote in my conclusion: My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to small cap compani ...

Software stocks have taken off in the second half of 2024. The iShares Expanded Tech Software Sector ETF ( IGV ) has not only turned significantly higher since the middle of the year, but it has Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with ...

Adobe Systems (ADBE) ended the recent trading session at $516.20, demonstrating a +0.05% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, added 0.97%.Shares of the software maker have appreciated by 6.86% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.06% and the S&P 500's gain of 3.51%.The upcoming earnings release of Adobe Systems will be of g ...

Though the risk-on attitude that has emerged in the back half of 2024 has lifted the stock market to new all-time highs, not every major growth stock has been a beneficiary. Investors still seem to be chasing companies with true AI tailwinds, andWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regu ...

Advertisement Adobe reports record $7.9 billion in online spending on Black Friday so far, up 8.2% from 2023.Adobe expects final online Black Friday numbers to be between $10.7 and $11 billion.Inflation and high credit card debt make consumers cautious, yet spending remains resilient.Americans continued to spend on Black Friday after strong Thanksgiving sales numbers, even despite inflation concerns.Adobe's initial Black Friday e-commerce data reveals consumers spent $7.9 billion online this Black Friday t ...

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