decelerating significantly," Bernstein analysts Zane Chrane and Michelle Isaacs, who have the equivalent of a sell rating on Dropbox stock, wrote in a note distributed to clients on Wednesday.
"App usage trends have worsened since our August initiation, with downloads declining ~20% in Q4 and in-app purchase rev. In the fourth quarter, Dropbox announced the departure of its chief customer officer, Yamini Rangan who has since joined HubSpot. Average revenue per paying user totaled $125, up from $123.15 one quarter earlier and more than the FactSet consensus estimate of $123.81.ĭeferred revenue at the end of the fourth quarter was $554.2 million, below the $555.6 million FactSet consensus estimate. (I.Revenue grew about 19% in the quarter that ended on December 31, the company said in a statement, roughly growing at the same speed as in the third quarter.ĭropbox reported 14.3 million paying users in the fourth quarter, up from 14 million users in the previous quarter and above the 14.2 million expected among analysts surveyed by FactSet. Are there any of these company employees who had participated in such liquidation event here that could answer a few questions: - What was the total % of your holding you were authorized to sell? - What was the discount applied vs the preferred price given to investors at the last round of funding. Airbnb, Dropbox and Slack among others have done it. I was interested into the technical details of these offers. For private companies that tend to push IPO as far as possible (because early investors and founders don't need IPO anymore to take money off the table.) it is fairly common for these unicorns to extend tender offers to their shareholders.
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