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Sep 30, 2024
Dropbox Q3 2024 Earnings Report
Dropbox's financial performance remained stable with slight revenue growth and healthy margins.
Key Takeaways
Dropbox reported a slight increase in revenue, reaching $638.8 million, a 0.9% increase year-over-year. The company maintained strong GAAP and non-GAAP operating margins and generated substantial free cash flow. Paying users and ARPU also saw marginal increases.
Total revenue increased by 0.9% year-over-year to $638.8 million.
Total ARR grew by 2.1% year-over-year to $2.579 billion.
Paying users increased to 18.24 million, with ARPU rising to $139.05.
Free cash flow increased to $270.1 million.
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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