Adobe Sees Q3 2022 Revenue ~$4.43B Vs $4.51B Est

The following table summarizes Adobe's third quarter fiscal year 2022 targets: Total revenue   ~$4.43 billion Digital Media annualized recurring revenue

The following table summarizes Adobe’s third quarter fiscal year 2022 targets:

Total revenue

 

~$4.43 billion

Digital Media annualized recurring revenue (ARR)

 

~$430 million of net new ARR

Digital Media segment revenue (Y/Y growth)

 

~13%

 

~16% (constant currency)

Digital Experience segment revenue (Y/Y growth)

 

~12%

 

~14% (constant currency)

Digital Experience subscription revenue (Y/Y growth)

 

~13%

 

~15% (constant currency)

Tax rate

 

GAAP: ~22.5%

 

Non-GAAP: ~18.5%

Earnings per share3

 

GAAP: ~$2.35

 

Non-GAAP: ~$3.33

The following table summarizes Adobe’s updated fiscal year 2022 targets:

Total revenue

 

~$17.65 billion

Digital Media annualized recurring revenue (ARR)

 

~$1.90 billion of net new ARR

Digital Media segment revenue (Y/Y growth)

 

~12%

 

~17% (adjusted4)

Digital Experience segment revenue (Y/Y growth)

 

~14%

 

~17% (adjusted4)

Digital Experience subscription revenue (Y/Y growth)

 

~15%

 

~19% (adjusted4)

Tax rate

 

GAAP: ~21%

 

Non-GAAP: ~18.5%

Earnings per share5

 

GAAP: ~$9.95

 

Non-GAAP: ~$13.50

Total
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