NasdaqGS:DBXSoftware
Dropbox (DBX): Evaluating Valuation After Q3 Profit Gains But User and Revenue Declines
Dropbox (DBX) just reported its third quarter earnings, revealing a boost in profitability and improved operating margins as a result of cost-cutting measures, including reduced headcount. However, revenue and the number of paying users ticked down, highlighting ongoing business challenges.
See our latest analysis for Dropbox.
Dropbox’s share price has drifted sideways this year, finishing at $28.67 after a recent earnings beat that was tempered by declining sales and user counts. Despite the...