Dropbox Stock Price, News & Analysis

Dropbox, Inc. (NASDAQ: DBX) reported its fourth-quarter revenue at $598.8 million, reflecting a 5.9% year-over-year increase. Adjusted for constant currency, revenue growth is 9.2%. The company achieved a fiscal 2022 revenue of $2.325 billion, up 7.7% year-over-year. Net cash from operations reached $194.6 million in Q4, with a free cash flow of $181.7 million. Despite a rise in profitability, Dropbox recorded $162.5 million in impairment charges related to real estate. The GAAP net income for Q4 was $328.3 million, boosted by a tax benefit release. The company remains focused on leveraging AI and operational efficiency for future growth.

Dropbox, Inc. (NASDAQ: DBX) will announce its financial results for Q4 and fiscal year ending December 31, 2022, on February 16, 2023, after market close. A conference call will follow at 2:00 PM PT / 5:00 PM ET to discuss the results. Investors can register for the call through a provided web link and access a live webcast on Dropbox's investor relations website. With over 700 million registered users globally, Dropbox continues to innovate in digital workspace solutions. For more details, visit dropbox.com.

DocSend, a document sharing platform under Dropbox (NASDAQ: DBX), reported steady investor engagement with pitch decks in 2022 but saw a 20% decline in Q4. Throughout the year, founder activity increased by 6.6%, while investor engagement decreased by 4.6% year-over-year. Notably, Q4 2022 engagement was 26% higher than pre-2021 levels, indicating a relatively healthy early-stage fundraising environment despite macroeconomic challenges. Investors spent an average of 2 minutes and 18 seconds per deck, marking an all-time low. The report highlights that venture capitalists are currently focusing more on existing portfolios rather than new deals.

Dropbox, Inc. (NASDAQ: DBX) has acquired FormSwift for $95 million in cash, announced on December 15, 2022. This acquisition will enhance Dropbox's end-to-end workflow capabilities by integrating FormSwift's extensive library of business templates. The move aims to streamline processes for small businesses and freelancers, improving efficiency and accessibility of essential documents. As remote work grows, this strategic addition is expected to provide significant value to Dropbox's customer base and strengthen its document workflow suite.

DocSend, a Dropbox company, released its third annual seed report highlighting changes in seed-stage fundraising. The report reveals that securing funding now takes 22% longer and demands 25% more meetings compared to previous years. In Q3 2022, VCs invested $3.3 billion in seed-stage startups, marking an 18% quarterly decline. Despite increased scrutiny, VC interest is stabilizing, with a focus on business models and traction. Gender disparities remain, as all-male teams raised 35% more than all-female teams. The report provides insights into optimal pitch deck strategies for success.

Dropbox, Inc. (NASDAQ: DBX) reported third quarter revenue of $591.0 million, reflecting a 7.4% year-over-year increase. On a constant currency basis, growth was 9.7%. Annual Recurring Revenue (ARR) reached $2.431 billion, up 9.6% year-over-year. Both GAAP and Non-GAAP operating income rose, with GAAP at $89.3 million and Non-GAAP at $186.7 million, up 15.5% and 16.0% respectively. GAAP net income increased to $83.2 million, with diluted net income per share at $0.23. The results indicate strong execution amidst macroeconomic challenges.

Dropbox, Inc. (NASDAQ: DBX) will announce its third-quarter financial results for the period ending September 30, 2022, after the market closes on November 3, 2022. A subsequent conference call is scheduled for the same day at 2:00 PM PT / 5:00 PM ET to discuss the results with investors. Participants must register at least 10 minutes prior to the call. Dropbox, a leading platform with over 700 million registered users worldwide, aims to redefine the working experience and enhance productivity.

DocSend, a Dropbox company, reported a decrease in founder and investor pitch deck activity in Q3 2022, reflecting seasonal trends amid macroeconomic concerns. Year-over-year, founder activity increased by 5.6%, while investor activity saw a slight decline of 1.65%. Although Q3 experienced a 3.06% drop in founder activity and a 3.25% drop in investor activity compared to Q2, these declines indicate stabilization in fundraising. With $290 billion in capital available, including $162 billion for new investments, there's cautious optimism for the startup funding landscape heading into Q4 2022.

Amplitude, Inc. has announced the appointment of Tifenn Dano Kwan as its new Chief Marketing Officer. With significant experience in driving product-led growth, Dano Kwan will lead Amplitude’s marketing strategy and report directly to President Thomas Hansen. Her previous roles include CMO at Collibra and Dropbox, focusing on customer-centric and data-driven approaches. Dano Kwan aims to enhance Amplitude's digital analytics platform, which ranks #1 in product analytics for nine consecutive quarters according to the G2 Fall 2022 Report.