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.

Dropbox Q3 2023 earnings infographic

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

  • Dropbox Q4 2022 earnings infographic
  • Dropbox Q3 2022 earnings infographic

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 mixed Q4, Darden Restaurants stays focused on profitable sales growth

Darden Restaurants, Inc. (NYSE: DRI), which owns popular restaurant brands Olive Garden and LongHorn Steakhouse, has reported stronger-than-expected fourth-quarter results, sending the stock higher soon after the announcement. Contributions from

What to expect when McCormick & Company (MKC) reports Q2 2024 earnings results

Shares of McCormick & Company, Incorporated (NYSE: MKC) stayed green on Friday. The stock has dropped 4% over the past one month. The spices and condiments maker is scheduled to report

CarMax (KMX) Q1 2025 Earnings: Key financials and quarterly highlights

CarMax, Inc. (NYSE: KMX) reported its first quarter 2025 earnings results today. Net sales and operating revenues decreased 7.5% year-over-year to $7.1 billion. Net earnings decreased 33% to $152.4 million,

Add Comment
Viewing Highlight