Dropbox Announces Fiscal 2024 Third Quarter Results
Dropbox, Inc. - Class A (DBX)
Company Research
Source: Business Wire
Third Quarter Revenue of $638.8 Million, up 0.9% year-over-year on an as reported and constant currency basisGAAP Operating Margin of 20.0% and Non-GAAP Operating Margin of 36.2%Net Cash Provided by Operating Activities of $274.2 Million and Free Cash Flow of $270.1 Million SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its third quarter ended September 30, 2024.“As we've shared over the last year, we're in a transitional period as a company and we continue to face a challenging environment in 2024. We recently announced a reduction in our workforce to both increase efficiency in and strengthen our core business, and accelerate growth in our new bets, like Dropbox Dash,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “As the market opportunity heats up, we can leverage our large installed base, trusted brand, and scaled infrastructure to deliver on our next phase of growth. I’m excited about the opportunity to r
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