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Dropbox quarterly revenue and profit beat market estimates
Dropbox Logo
Dropbox Logo Credit: Dropbox

With total revenue of $455.0 million and $39.3 million in net income, Dropbox quarterly results presented a profit for the first time since the company debuted on the Nasdaq, back in 2018.

“We had a strong first quarter as we rallied together to support our customers and our community during this unprecedented public health crisis,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. “We delivered healthy growth, record operating margins, and our first quarter of GAAP profitability. I’m incredibly proud of our team as we continue to build products that help facilitate distributed work at scale. We’ve built an enduring business and I remain confident in our future.”