The above graph represents the Adobe quarterly revenue by segment, starting from fiscal Q1 2011 to the recently completed quarter. The company has three reportable segments: Digital Media, Digital Experience and Publishing. Adobe’s Digital Media and Digital Experience segments revenue hit an all-time high in FY Q1 2020, while Publishing revenue declined.
Adobe Digital Media Revenue
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
Digital Media, which is the largest segment, accounted for a whopping 70.2% of Adobe’s total revenue in Q1 2020. During the quarter, Adobe revenue from Digital Media increased an impressive 22.08% YoY to $2,169 million – the highest-ever till date.
Fiscal Q3 2014 onwards, the company’s revenue from the Digital Media segment continuously increasing. It was the first time in fiscal Q4 2016 when Digital Media revenue surpassed the $1 billion mark. The segment revenue clocked $1,076.17 million, making it a huge 67% of the company’s total revenue in the fourth quarter of fiscal 2016.
Adobe Digital Experience Revenue
Adobe’s Digital Experience revenue also increased an appreciable 15.43% YoY in Q1 2020, to $858 million – highest-ever till date. The segment accounted for 27.8% of the company’s total revenue during the first quarter.
In fiscal Q3 2017, the revenue from digital experience segment crossed $500-million mark for the first time in history. The total revenue increased to $507.76 million in the third quarter of 2017, with 18.2% YoY increase.
Adobe Publishing Revenue
In fiscal Q1 2019, Adobe’s revenue from Publishing reached an all-time high of $81.03 million, registering a whopping 26% YoY growth. However, the revenue started declining from the following quarter itself. In fiscal Q1 2020, the company reported a notable 21% YoY decline in its revenue from Publishing, amounting to $64 million. However, on a quarterly basis, it’s an appreciable 15.4% increase in Adobe publishing revenue.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.17. It was the first time in 1999 when Adobe’s annual revenue crossed $1 billion mark.
On October 3, 2018, Adobe officially changed its name from Adobe Systems Incorporated to Adobe Inc. The company’s business is organized into three reportable segments: Digital Media, Digital Experience, and Publishing.
Here are some interesting facts about Adobe.
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