Adobe said Digital Media ARR at the end of fiscal 2024 was $17.33 billion, up $2.00 billion (13%) from $15.33 billion at the end of the prior year. The company said Digital Media segment revenue grew to $15.86 billion, representing 12% year-over-year growth.

10-KAnnual reportFiled Jan 13, 2025Period of report Nov 29, 2024Summary published (UTC) Oct 12, 2026

Key points

AI summary

Adobe said Digital Media ARR at the end of fiscal 2024 was $17.33 billion, up $2.00 billion (13%) from $15.33 billion at the end of the prior year. The company said Digital Media segment revenue grew to $15.86 billion, representing 12% year-over-year growth.
Adobe said Digital Experience revenue in fiscal 2024 was $5.37 billion, up 10% from $4.89 billion in the prior year. Subscription revenue grew to $4.86 billion, representing 12% year-over-year growth.
Adobe said operating expenses in fiscal 2024 were $12.41 billion, up $2.00 billion (19%) from $10.41 billion in the prior year, primarily due to the $1 billion Figma termination fee. The company said net income in the same period was $5.56 billion, up 2%.
Adobe said cash flows from operations in fiscal 2024 were $8.06 billion, up 10% from $7.30 billion in the prior year. Net cash used in financing activities was $7.72 billion, which the company said resulted primarily from share repurchase payments partially offset by proceeds from the issuance of senior notes.

Key figures

Fiscal year ended November 29, 2024

Revenue: $21.5B
Operating income: $6.7B
Net income: $5.6B
EPS: $12.36
Gross profit: $19.1B
Operating cash flow: $8.1B

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.

Digital Media ARR and Revenue Growth

Adobe said Digital Media ARR at the end of fiscal 2024 was $17.33 billion, up $2.00 billion (13%) from $15.33 billion at the end of the prior year. The company said Digital Media segment revenue grew to $15.86 billion, representing 12% year-over-year growth.

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

Digital Experience Revenue and Subscription Revenue

Adobe said Digital Experience revenue in fiscal 2024 was $5.37 billion, up 10% from $4.89 billion in the prior year. Subscription revenue grew to $4.86 billion, representing 12% year-over-year growth.

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

Figma Termination Fee and Operating Expense Increase

Adobe said operating expenses in fiscal 2024 were $12.41 billion, up $2.00 billion (19%) from $10.41 billion in the prior year, primarily due to the $1 billion Figma termination fee. The company said net income in the same period was $5.56 billion, up 2%.

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

Operating Cash Flow and Financing Cash Flow

Adobe said cash flows from operations in fiscal 2024 were $8.06 billion, up 10% from $7.30 billion in the prior year. Net cash used in financing activities was $7.72 billion, which the company said resulted primarily from share repurchase payments partially offset by proceeds from the issuance of senior notes.

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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