奥多比：AI adoption on track,but slow pace of monetization impacts sentiment

13 Dec 2024 CMB International Global Markets | Equity Research | Company Update Adobe (ADBE US) AI adoption on track, but slow pace of monetization impacts sentiment Adobe reported 4QFY24 results: total revenue grew by 11% YoY to US$5.61bn, in line with consensus estimate (US$5.54bn); non-GAAP net income was up by 9% YoY to US$2.13bn, vs. consensus estimate of US$2.08bn. Digital Media net new ARR was up 2% YoY to US$578mn in 4QFY24 (+9% YoY in 3QFY24), which raises investor concern on the deceleration trend ...