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Dec 31, 2019
Dropbox Q4 2019 Earnings Report
Dropbox reported strong Q4 results, marking the end of an exciting year with the launch of their vision for the smart workspace.
Key Takeaways
Dropbox's Q4 2019 revenue reached $446.0 million, a 19% increase year-over-year. The company closed the year with over $1.6 billion in revenue and 14.3 million paying users.
Total revenue was $446.0 million, up 19% year-over-year.
Annual recurring revenue reached $1.820 billion, a 19% increase from the prior year.
Paying users totaled 14.3 million, compared to 12.7 million in the prior year.
Free cash flow was $161.3 million, compared to $88.3 million in the same period last year.
Dropbox
Dropbox
Forward Guidance
Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on our conference call, webcast, and on our investor relations website at investors.dropbox.com.