Adobe (ADBE) Revenue — Quarter Ended Aug 30, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential increase.
Key takeaway
Quarter ended Aug 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+10.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 1, 2023 | $5B | +11.6% |
| Mar 1, 2024 | $5.2B | +11.3% |
| May 31, 2024 | $5.3B | +10.2% |
| Aug 30, 2024 | $5.4B | +10.6% |
Revenue performance
Revenue rose during the quarter, continuing the upward trend observed in recent periods.
Quarterly comparison
Compared to the preceding quarter, revenue increased at a modest pace. Relative to the same quarter a year ago, the growth was stronger.
What to watch
The filing notes that a significant termination fee adversely impacted cash flows during the period.