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
DG Earnings Preview: What to look for when Dollar General reports Q3 results
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales
