By Denny Jacob
Dropbox shares declined roughly 10% after the company forecast paying users to decline in 2025.
Shares were trading around $28.73 in premarket trading. The stock is up about 33% over the last year.
The software company said it expects paying users to decline 1.5% to 300,000 users. Half of the decline will be a result of Dropbox's reduced investment in FormSwift, said Chief Financial Officer Timothy Regan. The remaining half is expected to stem from a reduced outbound sales force subsequent to its reduced employee headcount.
Regan said roughly half of the full year's decline will occur in the first quarter.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 21, 2025 06:35 ET (11:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。