Dropbox (DBX) Q4 Earnings Beat Estimates, Revenues Up Y/Y [Yahoo! Finance]
Dropbox, Inc. - Class A (DBX)
Company Research
Source: Yahoo! Finance
Revenues of $635 million increased 6% year over year and beat the consensus mark by 0.67%. Total annual recurring revenues came in at $2.523 billion, up 0.3% year over year. Quarter Details Dropbox exited the fourth quarter of 2023 with 18.12 million paying users, marking a sequential decline of roughly 0.05 million. The average revenue per paying user was $138.83, up more than $4 year over year. In the fourth quarter, Dropbox reported a non-GAAP gross margin of 82.3%, up 20 basis points (bps) year over year. Dropbox, Inc. Price, Consensus and EPS Surprise Dropbox, Inc. price-consensus-eps-surprise-chart | Dropbox, Inc. Quote In the reported quarter, research and development expenses were $158.9 million, down 8.5% year over year. Sales & marketing expenses increased 16% year over year to $111.1 million. General & administrative expenses jumped 11.4% year over year to $47.7 million. Dropbox reported a non-GAAP operating margin of 32.2%, up 230 bps year over year.
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DBX
Earnings
- 2/15/24 - Beat
DBX
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- DBX's page on the SEC website