The company reported Creative revenue of $3.19 billion (up 10%), Document Cloud revenue of $807 million (up 18%) and Digital Experience revenue of $1.35 billion (up 10%) for the 3 months ended August 30, 2024.

10-QQuarterly reportFiled Sep 25, 2024Period of report Aug 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company reported Creative revenue of $3.19 billion (up 10%), Document Cloud revenue of $807 million (up 18%) and Digital Experience revenue of $1.35 billion (up 10%) for the 3 months ended August 30, 2024.
Adobe said net income for the 3 months ended August 30, 2024 was $1.68 billion, up $281 million (20%) from a year earlier. It said Digital Media ARR rose from $15.33 billion as of December 1, 2023 to about $16.76 billion, an increase of 9%.
The company said operating cash flow for the 9 months ended August 30, 2024 was $5.14 billion, down $570 million (10%) from a year earlier. It cited the $1 billion Figma termination fee paid in the first quarter of fiscal 2024 as a negative factor, with the payment made in Q1.
The company said it repurchased 12.9 million shares over the 9 months ended August 30, 2024, and total prepayments under its ASR were $7 billion. The $15 billion authorization approved on December 2020 was fully used during the period, and an additional $25 billion authorization was approved in March 2024.

Key figures

Quarter ended August 30, 2024

Revenue: $5.4B
Operating income: $2.0B
Net income: $1.7B
EPS: $3.76
Gross profit: $4.9B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue: Creative, Document Cloud and Digital Experience

The company reported Creative revenue of $3.19 billion (up 10%), Document Cloud revenue of $807 million (up 18%) and Digital Experience revenue of $1.35 billion (up 10%) for the 3 months ended August 30, 2024.

Source · Based on the MD&A text of the filing

Quarterly Net Income and Digital Media ARR

Adobe said net income for the 3 months ended August 30, 2024 was $1.68 billion, up $281 million (20%) from a year earlier. It said Digital Media ARR rose from $15.33 billion as of December 1, 2023 to about $16.76 billion, an increase of 9%.

Source · Based on the MD&A text of the filing

9-Month Operating Cash Flow and Figma Termination Fee

The company said operating cash flow for the 9 months ended August 30, 2024 was $5.14 billion, down $570 million (10%) from a year earlier. It cited the $1 billion Figma termination fee paid in the first quarter of fiscal 2024 as a negative factor, with the payment made in Q1.

Source · Based on the MD&A text of the filing

Share Repurchase Program and ASR

The company said it repurchased 12.9 million shares over the 9 months ended August 30, 2024, and total prepayments under its ASR were $7 billion. The $15 billion authorization approved on December 2020 was fully used during the period, and an additional $25 billion authorization was approved in March 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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