Financial Performance - Dropbox reported third-quarter revenue of $634.4 million, flat year-over-year but exceeding analyst expectations [1] - Adjusted earnings per share were $0.74, beating Wall Street's expectations by 14.1% [1] - Operating margins improved to 27.5%, up from 20% in the same quarter last year [1] - The company generated free cash flow of $293.7 million [1] Stock Performance - Shares of Dropbox increased by 9.7% during the afternoon session, closing at $30.86, a 7.5% rise from the previous close [1][2] - The stock is up 4.4% since the beginning of the year and is trading close to its 52-week high of $33.27 [5] - The stock has shown low volatility, with only four moves greater than 5% in the past year, indicating that the market views the recent news as significant [3] User Metrics - There was a slight sequential decline in total paying users, but the focus remained on strong profitability metrics [1]