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Dec 31, 2023
Dropbox Q4 2023 Earnings Report
Dropbox reported a revenue increase of 6.0% year-over-year, reaching $635.0 million. The company's GAAP operating margin was 42.1%, and non-GAAP operating margin was 32.2%.
Key Takeaways
Dropbox's Q4 2023 earnings revealed a 6.0% increase in revenue, totaling $635.0 million. The company focused on improving profitability and investing in AI growth initiatives. GAAP net income was $227.3 million, while free cash flow reached $190.3 million.
Total revenue was $635.0 million, up 6.0% year-over-year.
Total ARR was $2.523 billion, a slight increase of 0.3% from the same period last year.
Paying users reached 18.12 million, compared to 17.77 million in the same period last year.
GAAP operating margin was 42.1%, and non-GAAP operating margin was 32.2%.
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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