Dropbox posted a fourth-quarter net loss, but the result was still better than analysts’ expectations.
The online storage/file hosting platform’s GAAP net loss came in at -2 cents a share for the latest quarter, compared to the loss of -3 cents a share that analysts polled by FactSet had estimated. The loss was same as the year-ago quarter.
Dropbox’s revenue climbed +19% year-over-year to $446 million in the quarter, beating analysts’ expectation of $443.3 million.
There were 14.3 million paying users for Dropbox at the end of the fourth quarter, up +13% from a year earlier. Average revenue per paying user grew +4.5% to $125.
The board authorized share buyback of upto $600 million.