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Adobe’s Q3 earnings: Four takeaways on SMBs, Creative Cloud, customer experiences

September 22, 2021

Via: ZDnet

Adobe reported a strong third quarter and fourth quarter outlook but is starting to see more seasonal patterns following a boom year during the COVID-19 pandemic.

The company reported third quarter revenue of $3.94 billion, up 22% from a year ago, with earnings of $2.52 a share. Non-GAAP earnings were $3.11 a share in the third quarter. Wall Street was looking for earnings of $3.02 a share on revenue of $3.89 billion.

For the fourth quarter, Adobe projected revenue of $4.07 billion with non-GAAP earnings of $3.18 a share. Digital Media revenue growth for the fourth quarter will be up about 20% and Digital Experience revenue will be up 22%.

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