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Sep 03, 2021
Adobe Q3 2021 Earnings Report
Adobe's Q3 2021 revenue reached a record $3.94 billion, representing a 22% year-over-year growth.
Key Takeaways
Adobe achieved record revenue of $3.94 billion in Q3 2021, a 22% increase year-over-year. Digital Media segment revenue grew by 23%, while Digital Experience segment revenue increased by 26%. The company's GAAP EPS was $2.52, and non-GAAP EPS was $3.11.
Adobe achieved record revenue of $3.94 billion, representing 22% year-over-year growth.
GAAP diluted earnings per share was $2.52, representing 28% year-over-year growth, and non-GAAP diluted earnings per share was $3.11, representing 21% year-over-year growth.
Digital Media segment revenue was $2.87 billion, a 23% year-over-year increase, with Creative revenue growing to $2.37 billion and Document Cloud revenue to $493 million.
Digital Media Annualized Recurring Revenue (ARR) increased $455 million quarter over quarter to $11.67 billion.
Adobe
Adobe
Adobe Revenue by Segment
Revenue by Segment
Digital Media Revenue
CapyFin.comDigital Experience Revenue
CapyFin.com Forward Guidance
Adobe is providing fourth quarter financial targets factoring current macroeconomic conditions and expected year-end seasonal strength.
Positive Outlook
- Total revenue~$4.07 billion
- Digital Media segment revenue~20 percent year-over-year growth
- Digital Media annualized recurring revenue (ARR)~$550 million of net new ARR
- Digital Experience segment revenue~22 percent year-over-year growth
- Digital Experience subscription revenue~26 percent year-over-year growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income