BUZZ-Dropbox falls on lower-than-expected annual revenue growth forecast

Reuters

Feb 21

** Shares of cloud platform provider Dropbox DBX.O fall over 9% to $28.96 in premarket trading

** Co reported worse-than-expected annual revenue forecast for 2025 on Thursday

** J.P. Morgan said co's 2025 guidance missed consensus estimates for annual revenue growth by around 3.5 percentage points, due to an $18 mln foreign exchange headwind and a 150 bps headwind related to FormSwift

** DBX had acquired form management platform FormSwift in 2022

** William Blair said co expects paying users to decline by roughly 1.5%, or 300,000 users, with around half of the decline expected in Q1

** Co reported adj. profit of $222.6 mln, or 73 cents/share, beating analysts' average estimate of 62 cents/share

** DBX shares up 6.1% YTD as of last close; stock rose ~2% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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Morgan said co's 2025 guidance missed consensus estimates for annual revenue growth by around 3.5 percentage points, due to an $18 mln foreign exchange headwind and a 150 bps headwind related to FormSwift** DBX had acquired form management platform FormSwift in 2022** William Blair said co expects paying users to decline by roughly 1.5%, or 300,000 users, with around half of the decline expected in Q1** Co reported adj. profit of $222.6 mln, or 73 cents/share, beating analysts' average estimate of 62 cents/share** DBX shares up 6.1% YTD as of last close; stock rose ~2% in 2024  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DBX":"Dropbox Inc."},"translate_title":"BUZZ-Dropbox因年度收入增长预测低于预期而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBX":0.9},"content_text":"BUZZ-Dropbox falls on lower-than-expected annual revenue growth forecast** Shares of cloud platform provider Dropbox DBX.O fall over 9% to $28.96 in premarket trading** Co reported worse-than-expected annual revenue forecast for 2025 on Thursday** J.P. Morgan said co's 2025 guidance missed consensus estimates for annual revenue growth by around 3.5 percentage points, due to an $18 mln foreign exchange headwind and a 150 bps headwind related to FormSwift** DBX had acquired form management platform FormSwift in 2022** William Blair said co expects paying users to decline by roughly 1.5%, or 300,000 users, with around half of the decline expected in Q1** Co reported adj. profit of $222.6 mln, or 73 cents/share, beating analysts' average estimate of 62 cents/share** DBX shares up 6.1% YTD as of last close; stock rose ~2% in 2024 (Reporting by Ateev Bhandari in Bengaluru) ((Ateev.Bhandari@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}