Company Report

Adobe’s Digital Media segment revenue represents by 20% year-over-year growth in Q4 2020

Adobe’s Digital Media segment revenue was $2.50 billion, which represents 20 percent year-over-year growth. Creative revenue grew to $2.08 billion and Document Cloud revenue grew to $411 million. Digital Media Annualized Recurring Revenue (“ARR”) grew to $10.18 billion exiting the quarter, a quarter-over-quarter increase of $548 million. Creative ARR grew to $8.72 billion, and Document Cloud ARR grew to $1.46 billion.

Adobe’s Digital Experience segment revenue, including Advertising Cloud revenue, was $877 million.

Following the segment reporting change, Adobe’s Digital Experience segment revenue was $819 million, representing 10 percent year-over-year growth. Digital Experience subscription revenue grew 14 percent year-over-year.

Adobe’s Digital Media segment revenue was $9.23 billion, representing 20 percent year-over-year growth. Creative and Document Cloud achieved record annual revenue of $7.74 billion and $1.50 billion, respectively. Digital Media ARR grew by $1.85 billion during the year.

Adobe’s Digital Experience segment revenue, including Advertising Cloud, was $3.40 billion.

Following the segment reporting change, Digital Experience segment revenue was $3.13 billion, representing 12 percent year-over-year growth. Digital Experience subscription revenue grew 17 percent year-over-year.

Source: www.adobe.com

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