3/22/2023 0 Comments Dropbox inc![]() For example, there are millions of paid individual users using Dropbox Backup and these users retain at higher rates than those who haven't turned on Backup. And we're discovering that customers that leverage multiple capabilities retain at higher rates than those who do not. In addition to UX improvements, we're seeing increased adoption of multiple Dropbox features among our paid users. ![]() These pages are some of the most traffic services for our users, and these ongoing enhancements are saving them time and allowing them to do more content especially their photos and videos. This builds on the work we talked about last quarter around driving faster performance with previews on the web. We also improved the performance and design of the photos tab in the mobile app, which increased the overall number of photos previewed on our mobile experience by over 10% since the start of the year. This was a result of ongoing improvements the core FSS user experience, particularly on mobile.įor example, we enhanced the mobile uploads experience for our users, driving significantly faster speeds on our iOS app, which led to nearly double the percentage of active users on the app who upload content compared to a quarter ago. Consistent with last quarter, we once again saw our overall churn rate fall year over year. I'll start with how we're evolving our core business. Finally, we're maintaining operational excellence by continuing the growth and profitability.Īnd with a healthier and more stable foundation in our core business, we're laying the groundwork to achieve our vision of being a solution that organizes all your cloud content and the workflows around it. Second, we're driving more adoption of workflows beyond FSS around video and documents to better serve distributed teams, small businesses, solopreneurs, and creators. First, we're continuing to evolve our core FSS business by improving retention and monetization to stabilize growth. While we're certainly keeping an eye on the macro environment, we remain confident in our strategy that we outlined at the beginning of the year. Lastly, we continue to deliver profitability through operational efficiencies across the business, which Tim will discuss shortly. We also saw increased adoption of some of our newer products, Dropbox Backup and Capture, and we announced the pricing and packaging update for standard and advanced plans in June, delivering more value to our team's customers around security and data protection. We saw continued growth in our professional and teams plans and strong performance in our managed sales business. I'm really pleased with the resilience of our business and our execution in Q2, especially against the challenging macroeconomic backdrop. And I'll first share our business and product highlights from the quarter, and then Tim will review our Q2 financial results, provide guidance for the third quarter and update our outlook for the remainder of the year. Joining me today is Tim Regan, our chief financial officer. Thanks, Karen, and good afternoon, everyone. A reconciliation of GAAP and non-GAAP results is provided in our earnings release and on our website at. We will also discuss non-GAAP financial measures, which are not prepared in accordance with generally accepted accounting principles. Factors and risks that could cause our actual results to differ materially from these forward-looking statements are set forth in today's earnings release and in our quarterly report on Form 10-Q filed with the SEC. They are also based on assumptions as of today, and we undertake no obligation to update them as a result of new information or future events. ![]() These statements are subject to risks and uncertainties that could cause actual results to differ materially. Before we get started, I'd like to remind you that our remarks today will include forward-looking statements, such as our financial guidance and expectations, including our long-term objectives and forecasts for our third quarter and fiscal year 2022 regarding our revenue growth, profitability, operating margin, and free cash flow as well as our expectations regarding our business, assets, products, strategies, technology, employees, users, demand and markets. Good afternoon, and welcome to Dropbox's second quarter 2022 earnings call. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |