Dropbox reports Q3 EPS 74c, consensus 65c

Reports Q3 revenue $634.4M, consensus $623.6M. “We delivered a strong Q3, exceeding our revenue guidance and expanding operating margins as we continue to drive efficiency across the business,” said Drew Houston, Dropbox (DBX) Co-Founder and Chief Executive Officer. “We just launched the self-serve version of Dash and deep integration with Dropbox, giving both new customers and our existing base of 575,000 paying businesses access to an AI assistant and search engine that connects to all their work apps. Early customer response has been positive, and we’re also seeing continued improvement in retention and execution in our core business as we focus on sustainable growth.”