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Mar 31, 2024
Dropbox Q1 2024 Earnings Report
Dropbox's first quarter results for fiscal year 2024 were announced, demonstrating revenue growth and strong profitability.
Key Takeaways
Dropbox's Q1 2024 showed a 3.3% year-over-year revenue increase to $631.3 million. The company reported a GAAP operating margin of 22.7% and a non-GAAP operating margin of 36.5%. Net income was $132.3 million, and free cash flow reached $166.3 million.
Total revenue increased by 3.3% year-over-year to $631.3 million.
Total ARR reached $2.556 billion, a 3.6% increase year-over-year.
Paying users totaled 18.16 million, compared to 17.90 million in the same period last year.
GAAP net income was $132.3 million, compared to $69.0 million year-over-year.
Forward Guidance
Dropbox will provide forward-looking guidance during their conference call and on their investor relations website.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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