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Dec 31, 2020
Dropbox Q4 2020 Earnings Report
Dropbox announced Q4 and Fiscal year 2020 results, with revenue up 13% year-over-year.
Key Takeaways
Dropbox's Q4 2020 results showed a 13% increase in revenue year-over-year, reaching $504.1 million. The company's ARR exceeded $2 billion, with paying users reaching 15.48 million. However, GAAP net loss was ($345.8) million due to non-recurring impairment charges.
Total revenue was $504.1 million, up 13% year-over-year.
Total ARR ended at $2.022 billion, an increase of 11% year-over-year.
Paying users ended at 15.48 million, compared to 14.31 million in the same period last year.
GAAP net loss was ($345.8) million, compared to ($6.6) million in the same period last year due to non-recurring impairment charges.
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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