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Jun 30, 2024
Dropbox Q2 2024 Earnings Report
Reported a revenue increase of 1.9% year-over-year, reaching $634.5 million.
Key Takeaways
Dropbox announced its Q2 2024 results, with revenue reaching $634.5 million, a 1.9% increase year-over-year. The company reported a GAAP operating margin of 20.0% and a non-GAAP operating margin of 35.9%. Net cash provided by operating activities was $230.6 million, and free cash flow was $224.7 million.
Total revenue was $634.5 million, up 1.9% year-over-year.
Total ARR was $2.573 billion, an increase of 2.9% from the same period last year.
Paying users reached 18.22 million, compared to 18.04 million in the same period last year.
GAAP operating margin was 20.0%, while non-GAAP operating margin was 35.9%.
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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