Adobe Q1 2022 Earnings Report
Key Takeaways
Adobe achieved record revenue of $4.26 billion in Q1 fiscal year 2022, representing 9% year-over-year growth. Diluted earnings per share was $2.66 on a GAAP basis and $3.37 on a non-GAAP basis.
Adobe achieved record revenue of $4.26 billion in Q1 fiscal year 2022.
Digital Media segment revenue was $3.11 billion, representing 9% year-over-year growth.
Digital Media Annualized Recurring Revenue (ARR) increased $418 million quarter over quarter to $12.57 billion exiting the quarter.
GAAP operating income in the first quarter was $1.58 billion, and GAAP net income was $1.27 billion.
Adobe
Adobe
Adobe Revenue by Segment
Forward Guidance
Adobe’s second quarter fiscal year 2022 targets factor in current macroeconomic and geopolitical conditions.
Positive Outlook
- Total revenue ~$4.34 billion
- Digital Media annualized recurring revenue (ARR) ~$440 million of net new ARR
- Digital Media segment revenue (Y/Y growth) ~13%
- Digital Experience segment revenue (Y/Y growth) ~15%
- Digital Experience subscription revenue (Y/Y growth) ~17%
Revenue & Expenses
Visualization of income flow from segment revenue to net income