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Sep 30, 2020
Dropbox Q3 2020 Earnings Report
Reported revenue of $487.4 million, up 14% year-over-year, and strong operating income, profitability, and free cash flow.
Key Takeaways
Dropbox announced strong Q3 2020 results with revenue of $487.4 million, a 14% increase year-over-year. The company reported GAAP net income of $32.7 million and free cash flow of $187.0 million.
Total revenue was $487.4 million, an increase of 14% from the same period last year.
Total ARR ended at $1.981 billion, an increase of 12% year-over-year.
Paying users ended at 15.25 million, as compared to 14.00 million for the same period last year.
GAAP operating margin was 6.2%, as compared to (4.3)% 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