Dropbox (DBX) Q4 Earnings Beat Estimates, Revenues Up Y/Y

Dropbox (DBX) reported fourth-quarter 2023 non-GAAP earnings of 50 cents per share, beating the Zacks Consensus Estimate by 4.17% and increasing 25% year over year.Revenues of $635 million increased 6% year over year and beat the consensus mark by 0.67%.Total annual recurring revenues came in at$ 2.523 billion, up 0.3% year over year.Quarter DetailsDropbox exited the fourth quarter of 2023 with 18.12 million paying users, marking a sequential decline of roughly 0.05 million. The average revenue per paying u ...