Dropbox Inc. announced on Thursday that its revenue for the second quarter of the 2025 fiscal year decreased by 1.4%, landing at $625.7 million, compared to the same period a year prior.
The company reported that its net income increased by 13.6% to $125.6 million on a yearly basis, while its diluted earnings per share surged 32%, coming in at $0.45. Moreover, the number of paying users decreased to 18.13 million compared to 18.22 million from the same period a year earlier. Average revenue per paying user was $138.32. Also, paying users fell by 34,000 quarter-over-quarter.
"We delivered a strong quarter in Q2, underscoring the durability of our business and making progress on our key product initiatives … With a solid foundation and clear strategy, we’re confident in our ability to drive long-term growth across both existing and new product lines," Dropbox CEO Drew Houston said. Dropbox's shares advanced 2.10% during after-hours trading after the release of the report to $26.75.
