Adobe Reports Record Q2 Revenues

Posted on June 16, 2022 by Paul Thurrott in Cloud, Music + Videos with 0 Comments

Adobe earned a net income of $1.18 billion on revenues of $4.39 billion in the quarter ending June 3, the latter of which is a record.

“Adobe achieved record Q2 revenue with strong demand across Creative Cloud, Document Cloud, and Experience Cloud,” Adobe chairman and CEO Shantanu Narayen said. “We are winning in our established businesses and seeing significant momentum in new categories from content authoring for a broad base of creators to PDF functionality on the web to the leading real-time customer data platform for global enterprises.”

Adobe’s Digital Media segment, which includes its Creative Cloud and Document Cloud businesses, contributed $3.2 billion in revenues, with year-over-year (YOY) growth of 15 percent. Creative Cloud revenues were $2.61 billion, with 12 percent growth, while Document Cloud revenues were $595 million, with 27 percent growth.

The firm’s Digital Experience segment added another $1.10 billion in revenues, with 17 percent growth. The biggest contributor there was Experience Cloud, which contributed $961 million in revenues, and saw growth of percent.

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