The above graph represents the adobe quarterly subscription revenue by segment – Digital Media, Digital Experience and Publishing. Adobe subscription revenue in Q1 2020 reached an all-time high of $2,825 million, representing a 23% YoY growth. The Digital Media segment accounted for a whopping 72.8% of the total subscription revenue in Q1 2020. While the Digital Experience and Publishing segments accounted for nearly 26.2% and 0.99% of the total subscription revenue, respectively.
Adobe Subscription Revenue by Segment: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe Fiscal Year starts from December 1st|
Adobe’s subscription revenue is primarily comprised of fees that the company charge for subscription and hosted service offerings, that include Creative Cloud, Adobe Experience Cloud and Document Cloud services.
Adobe subscription revenue from Digital Media increased an impressive 23.7% YoY in Q1 2020, to $2,058 million – the highest-ever till date. The fiscal Q1 2017 was the first time when the subscription revenue from this segment crossed $1000 million mark. The total revenue from digital media increased from $781.9 million in Q1 2016 to a whopping $1,006.9 million in Q1 2017.
Adobe subscription revenue from Digital Experience also reached an all-time high of $739 million in Q1 2020, representing an appreciable 20.8% YoY growth. In fiscal Q4 2018, the Digital Experience subscription revenue surpassed $500 million for the first time, with nearly 30% year-over-year increase.
However, Adobe subscription revenue from publishing declined a notable 4.8% YoY and 7.9% QoQ in fiscal Q1 2020, to reach $28 million.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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