Adobe (ADBE) reported earnings on Thur 16 Dec 21 (b/o)

 ** charts after earnings **

 

 

 

Adobe reports EPS in-line, revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY22 EPS below consensus, revs below consensus

• Reports Q4 (Nov) earnings of $3.20 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $3.20; revenues rose 20.0% year/year to $4.11 bln vs the $4.09 bln S&P Capital IQ Consensus.
• Digital Media Annualized Recurring Revenue ("ARR") increased $571 million quarter over quarter to $12.24 billion exiting the quarter, including the addition of enterprise ARR of Frame.io, which closed on October 7, 2021.
• Creative ARR grew to $10.30 billion.
• Total enterprise ARR for Frame.io, including business closed by Adobe, exiting the quarter was approximately $29 million. Document Cloud ARR grew to $1.93 billion.
• Digital Experience segment revenue was $1.01 billion, representing 23 percent year-over-year growth. Digital Experience subscription revenue was $886 million, representing 27 percent year-over-year growth.
• Co issues downside guidance for Q1, sees EPS of $3.35, excluding non-recurring items, vs. $3.39 S&P Capital IQ Consensus; sees Q1 revs of $4.23 bln vs. $4.34 bln S&P Capital IQ Consensus.
• Co issues downside guidance for FY22, sees EPS of $13.70, excluding non-recurring items, vs. $14.24 S&P Capital IQ Consensus; sees FY22 revs of $17.9 bln vs. $18.16 bln S&P Capital IQ Consensus.