Dropbox Announces Fiscal 2019 First Quarter Results

▤ Summary

SAN FRANCISCO--( BUSINESS WIRE )--Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its first fiscal quarter ended March 31, 2019. "We kicked off 2019 with a strong Q1, driven by continued paying user growth and ARPU expansion," said Dropbox Co-founder and Chief Executive Officer Drew Houston. Ajay Vashee, Chief Financial Officer, will be presenting at Bank of America Merrill Lynchs 2019 Global Technology Conference in San Francisco, CA, on Tuesday, June 4, 2019 at 3:50 p.m. PT. These forward-looking statements speak only as of the date of this press release and are subject to risks, uncertainties, and assumptions including, but not limited to: (i) our ability to retain and upgrade paying users; (ii) our ability to attract new users or convert registered users to paying users; (iii) our revenue growth rate; (iv) our history of net losses; (v) our liability for any unauthorized access to our data or our users’ content, including through privacy and data security breaches; (vi) significant disruption of service on our platform or loss of content; (vii) any decline in demand for our platform or for content collaboration solutions in general; (viii) changes in the interoperability of our platform across devices, operating systems, and third-party applications that we do not control; (ix) competition in our markets; (x) our ability to respond to rapid technological changes, extend our platform, or develop new features; (xi) our ability to manage our growth or plan for future growth; (xii) our acquisition of other businesses and the potential of such acquisitions to require significant management attention, disrupt our business, or dilute stockholder value; and (xiii) the dual class structure of our common stock and its effect of concentrating voting control with certain stockholders who held our capital stock prior to the completion of our initial public offering. FCF has limitations as an analytical tool, and it should not be considered in isolation or as a substitute for analysis of other GAAP financial measures, such as net cash provided by operating activities.

▦ Linked Companies

Dropbox

$500M to $1B