DBX Earnings Prediction
The chart below shows how DBX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DBX sees a +3.80% change in stock price 10 days leading up to the earnings, and a -0.71% change 10 days following the report. On the earnings day itself, the stock moves by -0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
DBX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
638.80M
0.92%
0.68%
Gross Margin
82.55%
1.78%
-0.71%
Operating Margin
20.01%
-3.10%
-0.05%
Net Margin
16.70%
-7.38%
-4.13%
EPS
0.34
3.03%
0.00%
No Data Available
DBX Earnings Analysis
Dropbox, Inc. Class A Corporation (DBX.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Total revenue for Q3 increased 0.9% year-over-year to $639 million, including approximately $800,000 of contribution from our Nira and Reclaim acquisitions.
Annual Recurring Revenue Growth: Total ARR grew to a total of $2.579 billion, up 2.1% year-over-year.
ARR Growth Drivers: Our growth in ARR was largely driven by our individual plans across both our Plus and Essentials SKUs.
Paying User Growth: We exited the quarter with 18.24 million paying users, adding approximately 19,000 net new paying users on a sequential basis.
Free Cash Flow Increase: Quarterly free cash flow of $270 million compared to $247 million in Q3 2023.
Negative
Q3 Revenue Increase: Total revenue for Q3 increased 0.9% year-over-year to $639 million, including approximately $800,000 of contribution from our Nira and Reclaim acquisitions.
Net Income Decline: Net income for the third quarter was $190 million, down 2% year-over-year, driven by higher taxes.
Diluted EPS Increase: Diluted EPS for the third quarter was $0.60 based on 316 million diluted weighted average shares outstanding, compared to $0.56 in the year-ago quarter, representing a 7% year-over-year increase.
Operating Margin Performance: Operating margin was 36.2%, ahead of our guidance of 32% and up 20 basis points from the year-ago period.
Cash and Investments Summary: We ended the quarter with cash and short-term investments of $891 million.
DBX FAQs
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DBX Earning Call Sentiment
Dropbox, Inc. (DBX) Q3 2024 Earnings Call Transcript
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00:00
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DBX.O
-0.41%Positive
The earnings call presents a mixed picture with positive elements like revenue growth, strong cash flow, and share repurchases. Despite challenges in the Teams product and uncertainty around Dash, the company is optimistic about Dash's potential, which could drive future growth. The Q&A indicates confidence in Dash's differentiation and monetization potential. The 15 million share repurchase and positive financial metrics outweigh concerns, suggesting a positive stock price movement, likely in the 2% to 8% range over the next two weeks.
