Dropbox (DBX) Q1 Earnings Beat Estimates, Revenues Up Y/Y
DBXDropbox(DBX) Zacks Investment Research·2024-05-11 00:35

Dropbox (DBX) reported first-quarter 2024 non-GAAP earnings of 58 cents per share, beating the Zacks Consensus Estimate by 18.37% and increasing 38.1% year over year. Revenues of 631.3millionincreased3.3631.3 million increased 3.3% year over year and beat the consensus mark by 0.40%. Total annual recurring revenues came in at 2.556 billion, up 3.6% year over year. Quarter Details Dropbox exited the first quarter of 2024 with 18.16 million paying users, marking a sequential growth of roughly 35,000. The average revenue per paying ...