dropbox-arr

Dropbox ARR

Business / By /

Dropbox is a subscription business, which in 2023 had a $2.52 billion ARR, compared to $2.51 billion in 2022 and $2.26 billion in 2021.

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Who Owns Dropbox

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Dropbox’s main shareholder, owner, and who has the majority of voting power is the CEO and co-founder of the company, Andrew W. Houston (Drew Houston), who has most of the company’s Class B shares (which give him most of the voting power), which provides him with nearly 75% of the voting power. Other major institutional investors comprise The Vanguard Group (10.9% ownership), BlackRock (7.32% ownership), Ameriprise Financial (6.18% ownership), and Columbia Management Investment Advisers (5.96% ownership).

Dropbox Business Model

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Dropbox generated over 90% of its revenue via its self-serve channels to convert users into paying customers through in-product prompts and notifications, time-limited free trials of paid subscription plans, email campaigns, and lifecycle marketing. Dropbox generated over $2.5 billion in revenue in 2023, with an average revenue per paying user of over $139, based on over 18 million paying users.

Dropbox Revenue

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Dropbox generated $2.5 billion in revenue in 2023, $2.32 billion in 2022, and $2.16 billion in 2021.

Dropbox Profits

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Dropbox generated $453.6 million in profits in 2023, $553.2 million in 2022, and $335.8 million in profits in 2021.

Dropbox Free Cash Flow

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Dropbox generated $759.4 million in free cash flows in 2023, $763.5 million in 2022, and $707.7 million in 2021.

Dropbox Paying Users

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Dropbox had 18.12 million paying users in 2023, 17.77 million in 2022, and 16.79 million in 2021.

Dropbox ARPU

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Dropbox ARPU in 2023 was $139.38, $134.51 in 2022, and $133.73 in 2021.

Dropbox Employees

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Dropbox had 2,693 employees in 2023, 3,118 employees in 2022, 2,667 employees in 2021.

Dropbox Revenue per Employee

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Dropbox generated $928,704 per employee in 2023, $745,350 in 2022, and $808,774 in 2021.

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