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Mar 04, 2022
Adobe Q1 2022 Earnings Report
Adobe achieved record Q1 revenue as Creative Cloud, Document Cloud and Experience Cloud continue to be pivotal in driving the digital economy.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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