On a constant currency basis however, management revised their guidance upwards by USD 8 million to USD 2.342 billion to USD 2.352 billion, up from USD 2.334 billion to USD 2.344 billion previously. Management expects reported revenues to be around USD 2.308 billion to USD 2.318 billion (revised down by USD 12 million from their previous guidance of around USD 2.320 billion to USD 2.330 billion). Stable near term prospectsĭropbox’s recent price increases (which would affect new customers starting in June and existing customers with renewals starting in July), along with continued year-over-year improvements in customer retention are expected to help support top line growth, offset by currency headwinds associated with the strengthening US dollar and discontinuing new sales and financial sanctions in Russia. GAAP net income dropped 29% YoY to USD 62 million, largely on the back of a 16% YoY increase in R&D expenses which reached USD 215 million (accounting for 38% of revenues compared with 35% in the same quarter a year earlier), and impairment charges related to real assets as a result of the company’s decision to shift to a Virtual First work model. Average revenue per paying user was flat at USD 133.34 compared with USD 133.15 for the same period last year. Revenues rose 7.9% YoY to USD 572.7 million in Q2 2022, helped by a 7.6% YoY increase in paying users which reached 17.37 million compared with 16.14 million the same period last year. Dropbox ( NASDAQ: DBX) reported solid results in Q2 2022 (quarter ended June 2022).

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