Dropbox's Paid Users in Crosshairs for First Results Since IPO

Dropbox’s investors will dissect its latest efforts to convert free users into paying subscribers today, when the file-sharing service reports quarterly results for the first time as a public company.

Average revenue per user and the tally of paid users are the two most important items to watch for in Dropbox’s first-quarter release, RBC analyst Mark Mahaney wrote in a note. Mahaney, who rates the stock sector perform, expects the company to also release guidance for the second quarter and full year. Goldman Sachs analyst Heather Bellini warned in a note that faster-than-expected conversion of free users to paid users was a key risk to her neutral rating.