Dropbox, Inc. (NASDAQ: DBX) has reported a pointy enhance in adjusted earnings for the fourth quarter of 2024. Revenues elevated modestly.
The tech agency, a number one cloud-based doc administration platform, reported adjusted earnings of $0.73 per share for the fourth quarter, in comparison with $0.50 per share within the corresponding interval final 12 months. On a reported foundation, web earnings was $102.8 million or $0.34 per share in This autumn, in comparison with $227.3 million or $0.66 per share in This autumn of 2023.
Revenues elevated 1% year-over-year to $643.6 million within the December quarter. The highest line benefited from a modest enhance within the variety of paying customers to 18.22 million.
“Looking ahead to 2025, we’ll continue with our strategy of scaling Dash, simplifying and strengthening our profitable core business, and integrating Dash and FSS to deliver even greater value to our customers. While still early, the positive feedback from our Dash users has been encouraging, validating the need for practical AI-powered tools that solve real customer pain points in finding and securing all their content,” mentioned Dropbox’s CEO Drew Houston.