10-Q - ADOBE INC. (0000796343) (Filer)

Wed, Jun 26, 8:05 PM (25 days ago)

Adobe Inc.'s Q2 FY2024 10-Q report highlights solid financial performance driven by robust demand across its Digital Media and Digital Experience segments. Key financial metrics include: - **Total Revenue**: $5.31 billion, up 10% YoY. - **Digital Media Revenue**: $3.91 billion, up 11% YoY, with Creative Cloud at $3.13 billion (up 10%) and Document Cloud at $782 million (up 19%). - **Digital Experience Revenue**: $1.33 billion, up 9% YoY. - **Subscription Revenue**: $5.06 billion, up 12% YoY. - **Net Income**: $1.57 billion, up 21% YoY. - **Cash Flow from Operations**: $3.11 billion, down 19% YoY due to a $1 billion Figma termination fee. Adobe's ARR grew to $16.25 billion, up from $15.33 billion at FY2023 end. The company issued $2 billion in senior notes and repurchased $4.5 billion in stock. Future outlook remains positive with continuous innovation, especially in AI-driven products.