Adobe Inc.
Adobe Reports Record Q4 and Fiscal 2024 Revenue
Summary
Adobe Inc. reported record financial results for its fourth quarter and fiscal year 2024, achieving total revenue of $21.51 billion with a 11% year-over-year growth. The company saw strong performance across its Digital Media, Document Cloud, and Creative segments, with total operating cash flows of $8.06 billion. Adobe also announced net new Digital Media Annualized Recurring Revenue (ARR) exceeding $2.0 billion for FY2024. Further, Adobe provided financial targets for fiscal year 2025, expecting revenue between $23.30 billion to $23.55 billion.
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About Adobe Inc.
Adobe Inc. is a leading global software company that specializes in the creation of multimedia and creativity software products. Known for their industry-standard tools such as Photoshop, Illustrator, and Acrobat, Adobe's software facilitates a wide spectrum of creative work ranging from graphic design and photo editing to digital document management. The company's Adobe Creative Cloud, a subscription service, has become integral for professionals in media, publishing, and marketing sectors, providing access to an array of applications and services. Adobe's innovations extend into digital marketing solutions with Adobe Experience Cloud, assisting businesses in leveraging data for effective customer engagement. Founded in 1982 and headquartered in San Jose, California, Adobe has significantly influenced creative industries and digital marketing landscapes. Its software solutions are crucial for both individual creatives and enterprises, enhancing productivity and enabling cutting-edge content creation and distribution in an ever-evolving digital market.
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