Adobe reports Q4 revenue up 12% YoY to $5.05B, vs. $5.03B est., Digital Media revenue up 13% YoY to $3.72B, and FY 2024 guidance below est.; ADBE drops 5%+ (Jordan Novet/CNBC)

Adobe reports Q4 revenue up 12% YoY to $5.05B, vs. $5.03B est., Digital Media revenue up 13% YoY to $3.72B, and FY 2024 guidance below est.; ADBE drops 5%+ (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Adobe reports Q4 revenue up 12% YoY to $5.05B, vs. $5.03B est., Digital Media revenue up 13% YoY to $3.72B, and FY 2024 guidance below est.; ADBE drops 5%+  —  – Adobe’s fiscal fourth-quarter results surpassed expectations, but guidance for fiscal 2024 trailed estimates.