Dropbox reports Q3 non-GAAP EPS 60c, consensus 53c

Reports Q3 revenue $638.8M, consensus $636.92M. “As we’ve shared over the last year, we’re in a transitional period as a company and we continue to face a challenging environment in 2024. We recently announced a reduction in our workforce to both increase efficiency in and strengthen our core business, and accelerate growth in our new bets, like Dropbox (DBX) Dash,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “As the market opportunity heats up, we can leverage our large installed base, trusted brand, and scaled infrastructure to deliver on our next phase of growth. I’m excited about the opportunity to reimagine how we solve our customers’ biggest problems for the cloud-native, AI-powered world.”