Adobe Q2 2021 Earnings Report
Key Takeaways
Adobe's Q2 2021 was strong, with a 23% year-over-year revenue growth, reaching $3.84 billion. The company's Digital Media segment, including Creative and Document Cloud, drove significant growth. Record cash flows from operations reached $1.99 billion.
Adobe achieved quarterly revenue of $3.84 billion, representing 23 percent year-over-year growth.
Digital Media segment revenue was $2.79 billion, a 25 percent year-over-year growth.
Digital Media Annualized Recurring Revenue (ARR) increased $518 million quarter-over-quarter to $11.21 billion.
Cash flows from operations were a record $1.99 billion.
Adobe
Adobe
Adobe Revenue by Segment
Forward Guidance
Adobe is providing third quarter financial targets factoring current macroeconomic conditions and expected return of summer seasonality associated with the months of June, July and August.
Positive Outlook
- Total revenue ~$3.88 billion
- Digital Media segment revenue~22 percent year-over-year growth
- Digital Media annualized recurring revenue (ARR)~$440 million of net new ARR
- Digital Experience segment revenue~21 percent year-over-year growth
- Digital Experience subscription revenue~25 percent year-over-year growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income