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Jun 30, 2020
Dropbox Q2 2020 Earnings Report
Reported solid revenue growth, robust margin expansion, and continued GAAP profitability.
Key Takeaways
Dropbox announced its Q2 2020 results with a revenue of $467.4 million, up 16% year-over-year. The company reported a GAAP net income of $17.5 million and a free cash flow of $119.8 million.
Total revenue was $467.4 million, an increase of 16% from the same period last year.
Total ARR ended at $1.931 billion, an increase of 17% year-over-year.
Paying users ended at 15.0 million, as compared to 13.6 million for the same period last year.
GAAP net income was $17.5 million, as compared to ($21.4) million in the same period last year.
Dropbox
Dropbox
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