Dropbox

Nov 02, 2023

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Sep 30, 2023

Dropbox Q3 2023 Earnings Report

Delivered a solid quarter, beating revenue guidance and driving better than expected profitability.

Key Takeaways

Dropbox's Q3 2023 revenue reached $633.0 million, a 7.1% increase year-over-year, with a GAAP net income of $114.1 million. The company's ARR ended at $2.525 billion, up 3.8% year-over-year, and paying users totaled 18.17 million, compared to 17.55 million in the same period last year.

Total revenue was $633.0 million, an increase of 7.1% from the same period last year.

Total ARR ended at $2.525 billion, an increase of 3.8% from the same period last year.

Paying users ended at 18.17 million, as compared to 17.55 million for the same period last year.

GAAP net income was $114.1 million, as compared to $83.2 million for the same period last year.