Dropbox Q2 Performance: Stock Rises Top and Bottomline Beat, Growing Subscribers and More
Portfolio Pulse from Ryan Gustafson
Dropbox, Inc. (NASDAQ:DBX) reported Q2 earnings of 51 cents per share, beating the analyst consensus estimate of 45 cents, and an increase of 34.21% from last year. Quarterly sales were $622.50 million, beating the analyst consensus estimate of $613.64 million, and an increase of 8.70% from last year. Total ARR ended at $2.500 billion, an increase of 7.2% from last year. Paying users ended at 18.04 million, compared to 17.37 million last year. The average revenue per paying user was $138.94, compared to $133.34 last year. Dropbox generated a free cash flow of $184.6 million.
August 04, 2023 | 2:38 pm
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Dropbox's Q2 earnings and sales beat estimates, with increases from last year. This positive financial performance could lead to a short-term increase in the company's stock price.
Dropbox's Q2 earnings and sales beat analyst estimates, which is typically a positive signal for investors and can lead to a short-term increase in the company's stock price. The company also reported increases in total ARR, paying users, and average revenue per paying user from last year, further indicating strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100