Dropbox: A mature business with strong free cash flow

The cloud file-sharing company Dropbox published quarterly results on November 2, 2023 that exceeded analysts' estimates. In Q3 2023, Dropbox earned 56 cents per share on revenue of $633 million. Analysts were expecting adjusted earnings of 49 cents per share and revenue of $628 million. Dropbox's revenue increased by 30% compared to the previous year. Free cash flow was $246.5 million compared to $245.2 million for the same period last year. The number of paying users amounted to 18.17 million, compared to 17.55 million for the same period...