Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its third fiscal quarter ended September 3
Source: www.businesswire.com
Dropbox Inc. (NASDAQ: DBX) reported a strong performance in Q3 2018. Revenues for the quarter surged 25.6%, to come in at $360.3 million from $286.7 million in the same period last year. Gross margins improved to 75.0% from 68.1% year-over-year. Paying users rose to 12.3 million from 10.4 million last year, with average revenue per paying user increasing to $118.60 from $112.05. Net losses contracted to $5.8 million or $0.01 per share from $14.1 million or $0.07 per share last year. Adjusted earnings for the quarter rose to $0.11 per share from $0.07 per share last year. Analysts were estimating earnings of $0.06 per share on revenues of $352.57 million for the quarter. DBX trades at a market capitalization of $9.9 billion and price-to-book multiple of 15.8x.
