Categories AlphaGraphs, Earnings, Technology
Dropbox posts Q3 earnings of $0.11 per share vs expected $0.06
Dropbox (DBX), which went public in March this year, reported third-quarter revenue that jumped 26% to $360.3 million, helped by a 6% increase in average revenue per user (ARPU). Analysts had expected the top-line to reach just $352.18 million.
Adjusted earnings stood at $0.11 per share, higher than $0.06 per share expected by Wall Street. On a reported basis, net loss narrowed to 1 cent per share, compared to 7 cents per share a year ago.
DBX shares jumped 8.8% following the earnings announcement.
Chief Executive Officer Drew Houston said, “We delivered another quarter of strong execution in Q3, driving healthy top-line growth and expanding free cash flow margins. Combined with our ecosystem of best-in-class partners, Dropbox is becoming an even more central part of our customers’ workflows.”
Paying users totaled 12.3 million, as compared to 10.4 million in the year-over period. Meanwhile, ARPU rose to $118.60 from $112.05 for the same period last year.
Shares of the San Francisco, California-based company has fallen over 15% since its first day’s closing price. The stock is almost down 18% in the past four months.
Dropbox Q2 results beat estimates; stock falls on COO’s resignation
During the prior sequential quarter, the company’s stock had tumbled 6% during the after-market hours despite posting narrower losses on a 27% jump in revenue. The shares were hurt by the announcement that COO Dennis Woodside was stepping down from the company.
Dropbox rival Box (BOX) is scheduled to report third-quarter earnings on Wednesday, November 28.
Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
Comments