Adobe Inc. (NASDAQ: ADBE) reported financial results for the fourth quarter ended November 27th, 2020. Adobe quarterly revenue amounted to USD 3.42 Billion, a record 14% increase year over year. In fiscal year 2020 the company reached record annual revenue of USD 12.87 Billion. Digital Media revenue was USD 2.50 Billion or 20% year over year growth. The Digital Experience segment revenue which includes Advertising Cloud revenue amounted to USD 877 Million.
In q4 of fiscal year 2020 Adobe created a new segment, “Publishing and Advertising”, that utilizes the Publishing segment with Advertising Cloud that was previously included in the Digital Experience segment. The new segment was the result of Adobe altering how it manages its Digital Experience business to better reflect the shift to Advertising Cloud to align with delivering on customer experience management.
“Adobe delivered record Q4 and FY20 revenue performance amidst an unprecedented macroeconomic environment,” said Shantanu Narayen, president and CEO, Adobe. “As the undisputed leader in three growing categories – creativity, digital documents and customer experience management – we are well-positioned to capture the massive market opportunity ahead of us in 2021 and beyond.”
“The resilience of our business, our operational discipline and ability to derive insights from real-time data has enabled us to thrive in 2020,” said John Murphy, executive vice president and CFO, Adobe. “Our record Q4 cash flow demonstrates the strength of our operating model, and we look forward to delivering strong top- and bottom-line growth in 2021.”