Dropbox reports solid Q4 as it boosts average revenue per paying customer

Dropbox ended the fourth quarter with 12.7 million paying subscribers, up from 11 million a year ago.
Written by Larry Dignan, Contributor

Dropbox reported better-than-expected fourth quarter results as the company ended the year with 12.7 million paying customers, up from 11 million a year earlier.

The company reported a fourth quarter net loss of $9.5 million, or 2 cents a share, on revenue of $375.9 million, up 23 percent from a year ago. Non-GAAP earnings for the fourth quarter were 10 cents a share.

Wall Street was expecting Dropbox to report fourth quarter non-GAAP earnings of 8 cents a share on revenue of $370 million.

Dropbox is a leader in our listing of best cloud storage providers largely due to its simplicity. 

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Average revenue per paying user was $119.61, up from $113.39 a year ago. Gross margins were 74.9 percent, up from 70 percent a year ago.

For 2018, Dropbox reported a net loss of $484.9 million on revenue of $1.39 billion, up 26 percent from a year ago. Non-GAAP earnings were 41 cents a share.

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