NASDAQ:DBX - Nasdaq - US26210C1045 - Common Stock - Currency: USD
Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX) fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth. Margins were a mixed bag. While GAAP gross margin saw a slight uptick, operating margin plunged to 13.7% from 42.1% a year ago, largely due to workforce reduction expenses and the absence of a one-time real estate gain that had boosted the prior year's results. Overall, this was a weak quarter, with sluggish customer growth.
Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX) fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth. Margins were a mixed bag. While GAAP gross margin saw a slight uptic
U.S. stock futures were flat and swung between gains and losses on Friday after Thursday's decline. S&P 500 futures declined, others rose.
Dropbox reported its fourth-quarter results after Thursday's closing bell. Here's a look at the details from the report:
The company said it brought its AI-powered product, Dash for Business, to market and restructured its core business to be even more efficient.’
Cloud storage and e-signature company Dropbox (Nasdaq: DBX) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 1.4% year on year to $643.6 million. Its non-GAAP profit of $0.73 per share was 16.8% above analysts’ consensus estimates.
Dropbox has changed a lot in the last two years and so has my investment thesis.
Cloud storage and e-signature company Dropbox (Nasdaq: DBX) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 1.4% year on year to $643.6 million. Its non-GAAP profit of $0.73 per share was 16.8% above analysts’ consensus estimates.
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