Dropbox (NASDAQ:DBX) Q3 2020 Earnings Call

0:00 Good afternoon, ladies and gentlemen, and thank you for joining Dropbox's third quarter 2020 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. As a reminder, this conference call is being recorded and will be available for replay from the investor relations section of Dropbox's website, Following this call, I will now turn the call over to Rob Bradley, Head of Investor Relations for Dropbox. Mr. Bradley, please go ahead. Thank you, and good afternoon, and welcome to Dropbox's third quarter 2020 earnings call.

0:54 Today, Dropbox will discuss the quarterly financial results that were distributed earlier. Statements on this call include forward-looking statements, including our expectations regarding anticipated benefits to our business and the impact to our financial results and business operations, including estimated impairment charges and sublacing income as a result of our shift to a virtual-first work model, our expectations regarding remote work trends, related market opportunities, and our ability to capitalize on those opportunities. Operational efficiencies we may achieve as a result of changes to our organizational structure and many more. Thank you very much. Our strategy as well as the ability of our key employees to execute our strategy and overall future prospects.

2:04 These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those projected or implied during this call. In particular, those described in our risk factors included in our Form 10-Q for the quarter ended June 30, 2020 and the risk factors that will be included in our Form 10-Q for the quarter ended September 30, 2020. You should not rely on our forward-looking statements as predictions of future events. All forward-looking statements that we make on this call are based on assumptions and beliefs as of today and we undertake no obligation to update them except as required by law. Our discussion today will include non-GAAP financial measures. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. A reconciliation of GAAP to non-GAAP results may be found in our earnings release, which was furnished with our Form 8-K filed today with the SEC, and may also be found in the Supplemental Investor Materials Post