Dropbox Inc beat analysts' estimates for third-quarter revenue and profit o...
), has relied on its “freemium” model to attract more customers. The model allows customers to use the platform’s basic features for free, but charges for additional services.
Dropbox had 14 million subscribers at the end of the quarter, up from 12.3 million a year earlier and ahead of estimates of 13.89 million, according to FactSet.The company’s deferred revenue, which measures future business for subscription-based software vendors, was $541.1 million, above estimates of $534 million, according to IBES data from Refinitiv.
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