You may not love 2016, but based on Adobe’s rather absurd revenue record-breaking streak, they probably do. Yesterday, Adobe posted their fourth quarter earnings report and it beat expectations with $ 1.6 billion in revenue and $ 0.89 earnings per share according to Seeking Alpha (expectations from Adobe had them at $ 1.59 billion and $ 0.86 earnings per share).
Much of what Adobe’s stock did was move up, as seen above.
In all of 2016, Adobe made a whopping $ 5.85 billion, up from 2015 which saw $ 4.8 billion. Though Adobe no longer releases subscriber numbers (annoying), this seems to show that their choice to move to a subscription model was a smart one, at least from a pure-money standpoint.
Well, good on you Adobe. I guess someone had to enjoy this year.
[Via VentureBeat]
