Categories AlphaGraphs, Earnings, Technology
DBX Earnings: Dropbox Q3 2023 revenues and earnings increase
Dropbox, Inc. (NASDAQ: DBX), a cloud-based document management platform, reported an increase in adjusted earnings for the third quarter of 2023, aided by a 7% increase in revenues.
Third-quarter earnings, excluding special items, rose to $0.56 per share from $0.43 per share in the corresponding period of last year. On a reported basis, the net profit was $114.1 million or $0.33 per share in Q3, compared to $83.2 million or $0.23 per share in the third quarter of 2022.
Revenues increased 7% annually to $633 million. The top line benefited from a 4% increase in the number of paying users to 18.17 million.
“We continue to see an opportunity to leverage AI and machine learning to improve the experience of distributed work that will provide long-term value for our customers and shareholders,” said Dropbox’s CEO Drew Houston.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net
