Adobe Full Year 2024 Earnings: In Line With Expectations

Adobe (NASDAQ:ADBE) Full Year 2024 Results

Key Financial Results

• Revenue: US$21.5b (up 11% from FY 2023).
• Net income: US$5.56b (up 2.4% from FY 2023).
• Profit margin: 26% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$12.44 (up from US$11.88 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Adobe Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Digital Media segment contributing a total revenue of US$15.9b (74% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$5.76b (42% of total expenses). Explore how ADBE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Following the latest earnings results, Adobe may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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