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Dropbox Posts $637.3 Million in Q3 Revenue With Adjusted Earnings of 88 Cents Per Share

Revenue grew 0.5% year over year, while the stock was little changed in after-hours trading Nov. 5.

A storage appliance rests beside a level metal balance beam / TokenPost.ai (mono)
A storage appliance rests beside a level metal balance beam / TokenPost.ai (mono)

Dropbox posted $637.3 million in revenue for the three months through Sept. 30, alongside adjusted earnings of 88 cents per share. Revenue was 0.5% higher than in the year-earlier quarter.

Dropbox stock barely moved in after-hours trading Nov. 5, when the company released its third-quarter results.

On Nov. 5, Dropbox also agreed to acquire cloud storage company Tigris Data for $350 million, a deal intended to expand its AI cloud offering.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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