Dropbox reports solid Q4 as it boosts average revenue per paying customer
![larry-dignan-eic.jpg](https://www.zdnet.com/a/img/resize/ad5eaccb545ef683588243a9891d5f678df042df/2017/04/26/eb462fe7-e39e-43ba-abbd-c4ca2442306e/larry-dignan-eic.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
Featured
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
- What's the best cloud storage for you?
- Dropbox bolsters smart search capabilities with automatic text
- How to sync multiple cloud storage services for free (TechRepublic)
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.