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.

Academics lash out at Dropbox for improper data sharing Authors of study claimed they could see "every Dropbox folder associated with a given researcher."

The Next IT Transformation

What you need to know before implementing edge computing

These are the questions your firm should ask before going down the route of edge analytics and processing.

Read More

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. 

Must read

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.

Related stories: