The rising proliferation of Metaverse is also likely to have aided the performance of Creative Cloud. In the quarter under review, the company made Frame.io’s video collaboration platform available for Creative Cloud users.Īpart from this, the monthly growing active user base of Creative Cloud Express and the new AI-powered innovations in Premiere Pro are expected to have accelerated growth in Creative revenues in the quarter under review. Positive contributions from the acquisition of a cloud-enabled video review and collaboration platform named Frame.io are likely to have continued to aid the segment’s performance. Solid momentum across Adobe Creative Cloud and Document Cloud is expected to have driven top-line growth for the Digital Media segment in the to-be-reported quarter.

The Zacks Consensus Estimate for Digital Media revenues for the quarter under review is pegged at $3.46 billion, suggesting an 8.2% rise from the year-ago quarter’s reported figure.Ĭlick here to know how the company’s overall fiscal second-quarter results are likely to be. The segment under discussion generated revenues of $3.4 billion in first-quarter fiscal 2023, which improved 9% on a year-over-year basis.įor second-quarter fiscal 2023, Adobe expects Digital Media revenues between $3.45-$3.47 billion. We believe that the company’s persistent efforts toward strengthening its content management capabilities are expected to continue driving growth in the Digital Media segment.

With its robust Digital Media solutions, the company helps content creators, app and game developers and creative professionals such as graphic designers, photographers and video editors to generate, publish and promote their content anywhere.

Adobe’s ADBE second-quarter fiscal 2023 results, scheduled to be released on Jun 15, are likely to reflect its Digital Media segment’s strength.ĭigital Media has been the key driver behind the company’s growth on the back of its Creative family of products and Document Services products.

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