Adobe Reports Record Revenue: Q3 FY2020 Results.pdf

Adobe reported record financial results for its third quarter of fiscal year 2020 (ended August 28, 2020), highlighting significant growth and strong performance across its business segments.

Key Highlights:

- Revenue: Achieved $3.23 billion in quarterly revenue, representing a 14% year-over-year increase.
- Segment Performance:
- Digital Media segment: $2.34 billion revenue (19% YOY growth), with Creative revenue at $1.96 billion (19% YOY growth) and Document Cloud revenue at $375 million (22% YOY growth).
- Digital Experience segment: $838 million revenue, including $729 million in subscription revenue (7% YOY growth excluding Advertising Cloud).
- Financial Metrics:
- GAAP operating income: $1.07 billion
- Non-GAAP operating income: $1.40 billion
- GAAP net income: $955 million
- Non-GAAP net income: $1.25 billion
- Record $1.44 billion in cash flows from operations
- RPO exceeding $10 billion (18% YOY growth)
- ARR Growth: Digital Media ARR grew to $9.63 billion (24% YOY growth), with Creative ARR at $8.29 billion and Document Cloud ARR at $1.34 billion.

Future Projections:

Adobe provided financial targets for the fourth quarter of fiscal year 2020, considering macroeconomic conditions, seasonal trends, and strategic shifts in its Advertising Cloud business.

Contact Information:

- Investor Relations: Jonathan Vaas ([email protected])
- Public Relations: Lea Anna Cardwell ([email protected])