Adobe generated $17.6 billion in revenue in 2022, compared to $15.8 billion in 2021 and $12.9 billion in 2020.
Adobe makes most of its revenue from subscriptions, which in 2022 represented over 93% of its revenue.
The company is able to keep an efficient cost structure thanks to its subscription business.
Indeed, the subscription side enjoys fat gross margins, which gives the company ample space to invest in R&D and sales and marketing activities to grow the business further.
The adobe subscription revenue can be broken down into digital media, digital experience, and publishing & advertising.
The most significant subscription revenue stream is digital media, which, is 2022, generated $12.38 billion in revenue.
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