Dropbox Q2 2023 Earnings Report
Key Takeaways
Dropbox reported a solid Q2 2023, exceeding guidance across all metrics. Total revenue reached $622.5 million, up 8.7% year-over-year, and ARR ended at $2.500 billion, an increase of 7.2% from the same period last year. The company introduced new AI-powered product experiences and remains focused on improving the product experience within core Dropbox.
Total revenue was $622.5 million, up 8.7% year-over-year.
Total ARR ended at $2.500 billion, an increase of 7.2% from the same period last year.
Paying users ended at 18.04 million, compared to 17.37 million for the same period last year.
GAAP operating margin was 9.1%, while non-GAAP operating margin was 34.2%.
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.