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Mar 31, 2023
Dropbox Q1 2023 Earnings Report
Dropbox's financial performance beat guidance across all metrics, with a focus on integrating AI/ML into its products.
Key Takeaways
Dropbox reported a revenue of $611.1 million, up 8.7% year-over-year, and an ARR of $2.468 billion, up 7.8% year-over-year. The company is focusing on integrating AI/ML into its products.
Total revenue was $611.1 million, an increase of 8.7% from the same period last year.
Total ARR ended at $2.468 billion, an increase of 7.8% from the same period last year.
Paying users ended at 17.90 million, as compared to 17.09 million for the same period last year.
Free cash flow was $138.0 million, as compared to $130.7 million for the same period last year.
Forward Guidance
Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on its conference call, webcast, and on its investor relations website
Historical Earnings Impact
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Avg. Return Before/After Earnings
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