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Dropbox sees FY25 GAAP revenue $2.475B-$2.49B, consensus $2.48B

Sees FY25 constant currency revenue $2.483B-$2.498B. Sees FY25 adjusted gross margin ~82%, adjusted operating margin 38%-38.5%; unlevered free cash flow at or above $950M, CapEx $25M-$30M. Comments taken from investor presentation slides.

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