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Infographic: Highlights of Dropbox’s (DBX) Q4 2020 earnings report

Cloud service provider Dropbox, Inc. (NASDAQ: DBX) Thursday reported stronger-than-expected earnings and revenues for the fourth quarter of 2020. The company’s stock gained about 2% soon after the announcement.

Dropbox Q4 2020 earnings infographic

Fourth-quarter earnings, excluding special items, climbed to $0.28 per share from $0.16 per share in the corresponding period of last year. Analysts had predicted a slower growth. On a reported basis, it was a net loss of $345.8 million or $0.84 per share, compared to a loss of $6.6 million or $0.02 per share last year.

The bottom line benefited from a 13% increase in revenues to $504 million, which also exceeded the consensus forecast.

Read management/analysts’ comments on Dropbox’s Q4 results

Shares of the company closed Thursday’s regular trading higher and continued to gain during the extended session after the announcement.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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