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
MU Earnings: Micron Q2 profit jumps on higher revenues, tops expectations
Semiconductor company Micron Technology Inc. (NASDAQ: MU) Thursday reported a sharp increase in revenues and earnings for the second quarter of 2025. Earnings also surpassed Wall Street's forecasts. The Idaho-headquartered
Darden Restaurants sees growth in FY25 and beyond amid menu, tech Innovations
Darden Restaurants, Inc. (NYSE: DRI) has successfully navigated the challenging market environment by constantly innovating its menu offerings and fostering customer loyalty. In the third quarter, sales and profit margin
What to look for when McCormick & Company (MKC) reports Q1 2025 earnings
Shares of McCormick & Company, Incorporated (NYSE: MKC) were down 1% on Thursday. The stock has gained 5% year-to-date. The spice giant is slated to report its first quarter 2025 earnings results
Comments