Adobe Q3 2021 Earnings Report
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
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