Adobe (ADBE) Revenue — Quarter Ended Nov 29, 2024
Revenue increased in the quarter, continuing the upward trend seen throughout the fiscal year. The growth was supported by consistent sequential gains and a strong year-over-year comparison.
Key takeaway
Quarter ended Nov 29, 2024 · FY2024 Q4
Revenue increased in the quarter, continuing the upward trend seen throughout the fiscal year. The growth was supported by consistent sequential gains and a strong year-over-year comparison.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.5B
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 |
|---|---|---|
| Mar 1, 2024 | $5.2B | +11.3% |
| May 31, 2024 | $5.3B | +10.2% |
| Aug 30, 2024 | $5.4B | +10.6% |
| Nov 29, 2024 | $5.6B | +11.1% |
Revenue performance
The reported revenue rose compared to the immediately preceding quarter, marking another sequential improvement. On an annual basis, revenue was also higher than the same quarter one year earlier.
Quarterly comparison
When measured against the prior quarter, revenue showed a modest increase. The year-over-year comparison reflected a more substantial gain, consistent with the growth pattern observed in earlier quarters of the fiscal year.
What to watch
The Figma termination fee, disclosed in the cash flow discussion, adversely impacted operating cash flows for the fiscal year.