Welcome to our dedicated page for Dropbox news (Ticker: DBX), a resource for investors and traders seeking the latest updates and insights on Dropbox stock.
Dropbox, Inc. (NASDAQ: DBX) is a leading provider of cloud storage and content collaboration tools, emphasizing its services for individuals and small to medium-sized businesses (SMBs). Founded in 2007, Dropbox was a pioneer in the cloud storage and cross-platform file syncing space. Today, over 700 million users across 180 countries rely on Dropbox to stay organized and keep their work moving.
Headquartered in San Francisco, Dropbox has expanded its product lineup through both organic and inorganic growth. Notable acquisitions include the secure document sharing platform DocSend, which offers real-time actionable feedback and security for business-critical documents. With its core business rooted in cloud storage, Dropbox has been diversifying its product offerings, aiming to create a more comprehensive suite of tools that simplify life for millions around the globe.
Recently, Dropbox's subsidiary DocSend reported promising trends in startup fundraising. According to their latest data analysis, there was increased investor engagement with pitch decks, showing positive momentum for the first time in six quarters. Despite a challenging economic environment, investor activity rose 1.7% quarter-over-quarter, indicating a hopeful outlook for deal-making in 2024.
Dropbox continues to innovate and develop new products to meet the evolving needs of its users. The company’s commitment to creating collaborative tools and solutions has solidified its position as a significant player in the tech industry. With a global team and offices worldwide, Dropbox is poised for continuous growth and aims to design a more enlightened way of working.
For more information about Dropbox's mission and product offerings, visit dropbox.com. For career opportunities, explore Dropbox Careers.
Dropbox's DocSend has released new data revealing significant shifts in VC investment priorities during 2024. Investors spent 40% more time on seed stage Team slides and 30% more time on pre-seed Team slides compared to 2023. Despite record-high pitch deck engagement, global early-stage fundraising remained flat year-over-year.
Key findings show that mixed-gender teams received the highest funding, averaging $770K for seed and $660K for pre-seed rounds. Teams with founders in their 20s and two-founder structures were most successful. The West region showed recovery following the SVB collapse.
Investors demonstrated less interest in market context, with 19% less attention on pre-seed Market Size slides and 48% less attention on seed Competition slides. Fundraising efficiency improved, with rounds typically closing within 12 weeks for both pre-seed and seed stages.
Dropbox (DBX) has secured a new Credit and Guaranty Agreement providing up to $2.0 billion in secured term loans due 2029, led by Blackstone Credit & Insurance. The facility includes an initial $1.0 billion borrowing with access to an additional $1.0 billion. The company has also authorized a new $1.2 billion share repurchase program for its Class A common stock.
The company terminated its existing Revolving Credit Agreement from March 2014 and expects to meet or exceed its Q4 and FY 2024 financial guidance. The funds will be used for working capital, general corporate purposes, and share repurchases, with a focus on returning capital to shareholders and investing in new products like Dropbox Dash.
Dropbox announced that CFO Tim Regan will participate in a fireside chat at the 2024 UBS Global Technology and AI Conference in Scottsdale, Arizona. The presentation is scheduled for Tuesday, December 3, 2024, at 1:35 p.m. ET / 10:35 a.m. PT. Investors can access both the live webcast and replay of the event through the company's investor relations website.
Dropbox (DBX) reported Q3 2024 financial results with revenue of $638.8 million, up 0.9% year-over-year. The company achieved a GAAP operating margin of 20.0% and non-GAAP operating margin of 36.2%. Total Annual Recurring Revenue (ARR) reached $2.579 billion, growing 2.1% year-over-year. The company's paying user base increased to 18.24 million, with average revenue per paying user at $139.05. Net cash from operations was $274.2 million, with free cash flow of $270.1 million. The company announced a workforce reduction to increase efficiency and strengthen its core business while accelerating growth in new initiatives like Dropbox Dash.
Dropbox (NASDAQ: DBX) has announced that it will release its financial results for the third quarter of 2024, which ended on September 30, 2024. The company plans to disclose these results after the market closes on Thursday, November 7, 2024. In addition to the earnings release, Dropbox will host a conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss the financial results with investors. For those interested in participating or listening to the call, a live webcast will be available. Furthermore, a replay of the conference call will be accessible from the Dropbox investor relations website at http://investors.dropbox.com.
Dropbox (NASDAQ: DBX) has announced Dropbox Dash for Business, an AI-powered universal search product that combines search, organization, sharing, and advanced content access control. This solution addresses the challenge of finding scattered information across various work apps and platforms. Key features include:
1. AI-powered universal search across integrated work apps
2. Improved search experience and admin onboarding
3. Advanced content access controls for security
4. Self-hosted AI to ensure data remains within Dropbox's trust boundary
5. Activity feed, company-level Stacks, and AI-powered answers
Dash for Business is currently available in the U.S. in English on web and desktop, with plans for expansion to additional markets in early 2025.
Similarweb (NYSE: SMWB) has appointed Lisa Campbell and Barak Eilam to its Board of Directors, following overwhelming shareholder approval. This move strengthens the company's leadership as it aims to become the world's leading digital data company. Campbell, former CMO of OneTrust and Autodesk, brings over 20 years of experience in business strategy and marketing. Eilam, current CEO of NICE , contributes extensive expertise in executive management and business development.
These appointments, along with the recent addition of Kipp Bodnar (CMO of HubSpot), reflect Similarweb's commitment to investing in top-tier leadership. CEO Or Offer expressed confidence that their insights and guidance will contribute to the company's ongoing success and innovation in providing digital intelligence solutions.
Dropbox (NASDAQ: DBX) announced its Q2 2024 financial results, reporting revenue of $634.5 million, up 1.9% year-over-year. The company's GAAP operating margin was 20.0%, while the non-GAAP operating margin reached 35.9%. Dropbox's total ARR grew to $2.573 billion, a 2.9% increase from the previous year. The company's paying users increased to 18.22 million, with an average revenue per paying user of $139.93. Dropbox generated $230.6 million in net cash from operating activities and $224.7 million in free cash flow. The company's GAAP net income was $110.5 million, while non-GAAP net income reached $194.1 million.
Dropbox (NASDAQ: DBX) has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after the market closes. The company will host a conference call at 2:00 PM PT / 5:00 PM ET on the same day to discuss the results with investors. Interested parties can access the live webcast and replay of the conference call through the Dropbox investor relations website at http://investors.dropbox.com.
The venture capital landscape is showing signs of revival according to DocSend's mid-year metrics analysis for Q2 2024. Investor activity is up 21.7% year-over-year (YoY) from 2023, surpassing the record-breaking funding activity of 2021. DocSend, a Dropbox (NASDAQ: DBX) company, reported a rise in investor pitch deck engagement after a five-year low in global startup funding. Founder activity is also up by 10.8% YoY.
Following a significant decline in 2023, both founder and investor activities rose in Q2 2024. Investor pitch deck interactions increased by 19.2% year-to-date, and the creation of founder links grew by 10% from 2023. The resurgence in funding opportunities is fueled by the advent of new technologies like AI and macroeconomic factors such as potential interest rate cuts. In May, venture funding hit $31 billion, up 29% YoY, with AI being the leading sector in funding raised, according to Crunchbase.
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