Though the stock market is rising to new all-time highs on the back of a historic election and interest-rate fueled rally, investors still have to be cautious not to fall for the thinking that a rising tide will lift all boats. The With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of exchange on which registered Class A Common Stock, par value $0.00001 per share DBX The NASDAQ Stock Market LLC (Nasdaq Global Select Market) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Core Insights - Dropbox (DBX) reported Q3 2024 non-GAAP earnings of 60 cents per share, exceeding the Zacks Consensus Estimate by 15.38% and reflecting a 7.1% year-over-year increase [1] - Revenues reached $638.8 million, a 0.9% year-over-year increase, also surpassing the consensus mark by 0.29% [2] - The company has provided positive guidance for 2024, expecting improvements in gross and operating margins despite a challenging competitive landscape [4] Financial Performance - DBX's paid user base grew to 18.24 million, with an average revenue per paying user of $139.05, up from $138.71 in the previous year [5] - Non-GAAP gross margin for Q3 was reported at 84%, an increase of 140 basis points year-over-year, while the non-GAAP operating margin was 36.2%, up 30 basis points [8] - Free cash flow for the third quarter was $270.1 million, an increase from $224.7 million in the previous quarter [9] Market Position - Dropbox holds a 20.9% market share in the content sharing and collaboration applications category, leading over competitors like Alphabet (16.4%) and Box (8.8%) [6][7] - The company supports over 700 million registered users and is positioned favorably against major competitors [6] Guidance and Expectations - For Q4 2024, Dropbox expects revenues between $635 million and $638 million, with a non-GAAP operating margin around 32% [11] - Full-year 2024 revenue guidance is set between $2.542 billion and $2.545 billion, with an expected gross margin of 84% and a non-GAAP operating margin of approximately 36% [12] - The company anticipates free cash flow between $860 million and $875 million, revised down from previous estimates [13]

Dropbox, Inc. (NASDAQ:DBX) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Peter Stabler - Head, Investor Relations Drew Houston - Co-Founder & Chief Executive Officer Tim Regan - Chief Financial Officer Conference Call Participants Luv Sodha - Jefferies Rishi Jaluria - RBC Capital Markets Josefina Ruggieri - JPMorgan Operator Good afternoon, ladies and gentlemen, thank you for joining Dropbox Third Quarter 2024 Earnings Conference Call. All participants will be in listen-o ...

Dropbox (DBX) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this online file-sharing company would post earnings of $0.52 per share when it actually produced earnings of $0.60, delivering a surprise of 15.38%. Over the last four quarters, ...

移 Dropbox 1 Financial Results & Investor Presentation Q3 2024 Safe Harbor Statement This presentation contains forward-looking statements. These statements may relate to, but are not limited to, plans for growth, technological capabilities and new features and products and the long-term financial targets of Dropbox, Inc. ("Dropbox," "we," "us," or similar terms), as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cann ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 30, 2024 Date of Report (date of earliest event reported) DROPBOX, INC. (Exact name of Registrant as specified in its charter) Delaware 001-38434 26-0138832 (State or other jurisdiction of incorporation) (Commission File Number) (I. R. S. Employer Identification No.) 1800 Owens St. San Francisco, California 94158 (Address of principal ...

Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC's @Work conference in San Francisco on November 4, 2019. Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a "transitional period" as its file sync and share business and its Dash artificial-intelligence search feature mature, Houston wrote. "Navigating this transition while maintaining our current structure and investment levels is no longer sus ...

Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a "transitional period." In a letter to staff, Houston said that the reduction in headcount would impact 528 people. "As CEO, I take full responsibility for this decision and the circumstances that led to it, and I'm truly sorry to those impacted by this change," he wrote. Affected employees will receive severance, equity, and transition payment, as well as certain healthcare and benefits and job placement ...

Dropbox (DBX) closed at $25.79 in the latest trading session, marking a -1.86% move from the prior day. This move lagged the S&P 500's daily loss of 0.92%. On the other hand, the Dow registered a loss of 0.96%, and the technology-centric Nasdaq decreased by 1.6%.The online file-sharing company's shares have seen an increase of 5.42% over the last month, surpassing the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 2.68%.The investment community will be paying close attention to the ...