DBX Infographic: Everything you need to know about Dropbox’s Q2 2022 results

This article was originally published on Alpha Street

Cloud service provider Dropbox, Inc. (NASDAQ: DBX) reported stronger-than-expected earnings and revenues for the second quarter of 2022. The company’s user base grew by 8% during the period.

Dropbox Q2 2022 earnings infographic

Second-quarter earnings, excluding special items, dropped to $0.38 per share from $0.40 per share in the corresponding period of last year. Analysts had predicted a slower growth. On a reported basis, net profit was $62 million or $0.17 per share, compared to $88 million or $0.22 per share in the second quarter of 2021.

Meanwhile, revenues increased 8% annually to $572.7 million, which also exceeded the consensus forecast. The top line benefited from an 8% increase in the number of users.


Check this space to read management/analysts’ comments on Dropbox’s Q2 results


“We made great progress this quarter, enhancing performance and functionality in our core FSS product, releasing additional security and data protection capabilities, and expanding workflows, like Capture and Replay. We believe we’re operating from a position of strength to deliver value to shareholders, thanks to strong profitability and improved customer retention,” said Dropbox’s CEO Drew Houston.

Prior Performance

  • Dropbox (DBX) Q1 2022 earnigns infographic
  • Dropbox Q4 2021 earnings infographic
  • Dropbox reports Q2 2021 earnings results

The post DBX Infographic: Everything you need to know about Dropbox’s Q2 2022 results first appeared on AlphaStreet.

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