Forecast of The Day: Adobe’s Digital Media Revenue
Adobe’s (NASDAQ:ADBE) Digital Media Revenue rose from $7.7 billion in 2019 to $11.5 billion in 2021. Trefis expects the metric to rise to $15 billion by 2023.
We expect Adobe to continue to expand sales of its industry-leading products such as Photoshop and Illustrator, while increasingly pivoting to cloud-based offerings.
The Digital Media business accounts for over 70% of Adobe’s revenues. If DM sales pick up further, we could see Adobe stock – which has been a relative underperformer over the last year – also rally.
See Our Complete Analysis For Adobe
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
|S&P 500 Return||-2%||-6%||99%|
|Trefis Multi-Strategy Portfolio||-4%||-12%||248%|
 Month-to-date and year-to-date as of 4/22/2022
 Cumulative total returns since the end of 2016
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates