The World's Top Freeride Skiers and Snowboarders to Wear GoPro Cameras in Competition to Deliver Thrilling Live POV and Action ContentSAN MATEO, Calif., Jan. 22, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced its continued partnership for the 2024 season with the Freeride World Tour by Peak Performance, the ultimate ski and snowboard freeriding competition. Known for showcasing some of the world's most thrilling freeride content, the 2023 Freeride World Tour generated more than 300M video v ...

SAN MATEO, Calif., Jan. 16, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time. "The greater helmet market represents a meaningful TAM expanding opportunity for GoPro, and we're exci ...

Each submission must be a single, unedited clip, shot on GoPro and captured by the skier or snowboarder themselves. To be eligible, the clip must be shared on social media using the #GoProLineOfTheWinter hashtag and submitted to GoPro Awards via the GoPro Quik app or at GoPro.com/Awards. Individuals may submit as many videos as they like, with each video serving as one submission. "In the hands of inspired athletes, GoPros have captured some of the most insane ski and snowboard lines we've ever seen — from ...

When a stock loses more than 90% of its value, it's a clear indication that the market is concerned about structural problems with the underlying business. That has certainly been the case for GoPro (GPRO 3.79%), whose stock reached an all-time high of $93.85 in 2014 before steadily declining by 96% to just $3.18 a share today.GoPro makes industry-leading action cameras, but they are a niche product and the company has struggled to maintain consistent sales growth. Unfortunately, the company has long been a ...

SAN MATEO, Calif., Jan. 10, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the fourth quarter and year ended December 31, 2023, after the market closes on Wednesday, February 7, 2024. GoPro management will host a conference call and live webcast following the release at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. A webcast link and management commentary will be posted on the "Events & Presentation ...

Financial Data and Key Metrics Changes - Revenue for Q3 2023 was $294 million, exceeding guidance, with non-GAAP earnings per share at $0.04 [7][8] - Retail channel revenue grew 12% year-over-year to $231 million, representing 78% of total revenue [8] - Non-GAAP profitability was achieved in Q3 2023, with expectations for continued profitability in Q4 [18][19] Business Line Data and Key Metrics Changes - Total camera unit sales grew 31% sequentially and 16% year-over-year, with entry-level products generating 19% of camera revenue [8][11] - The launch of HERO12 Black contributed significantly to sales, with strong performance compared to HERO11 [28] Market Data and Key Metrics Changes - GoPro.com represented 22% of revenue in Q3, indicating a strong direct-to-consumer sales channel [11] - Subscriber count reached 2.5 million, reflecting a 20% year-over-year growth [11] Company Strategy and Development Direction - The company is focused on expanding its total addressable market (TAM) through new product introductions and increased retail presence [6][10] - Plans to introduce several new camera types starting in Q2 2024, targeting distinct use cases and improved margin profiles [10][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand environment, particularly for entry-level products, which are expected to drive unit sales and subscriber growth [26][32] - The company anticipates revenue growth in 2024, projecting units to reach 3.3 million to 3.5 million, with revenue between $1.1 billion and $1.2 billion [20][21] Other Important Information - The company is investing in innovation, particularly in AI and software, to enhance customer experience and product functionality [13][41] - GoPro has been recognized as one of the best places to work, reflecting a strong workplace culture [16] Q&A Session Summary Question: Can you characterize the demand environment and growth drivers? - Management noted strong performance in Q3, with significant contributions from HERO12 Black and entry-level products, indicating a positive retail environment [25][28] Question: What gives confidence in the 2024 guidance? - Management highlighted expected continued growth in entry-level products and strong demand for HERO12, along with new product launches planned for 2024 [31][32] Question: How have retention rates changed? - Retention rates have improved, with first-year rates increasing to 60%-65% and second-year rates holding at 70%-75% [36] Question: What are the plans to raise the attach rate for services? - Current attach rate is 40%, with plans to enhance subscription offerings to improve retention and attach rates [38] Question: What is the inspiration for new camera designs? - New designs are based on consumer research and market trends, aiming to meet specific use cases and improve user experience [40][41]

Q3 2023 Preliminary Earnings Results Summary November 7, 2023 Confidential information. Copyright © 2023. GoPro, Inc. All rights reserved. SAFE HARBOR STATEMENT This presentation may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will” and variations of these terms or the negative of these terms and similar expressions are intended to iden ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-36514 GOPRO, INC. (Exact name of registrant as specified in its charter) Delaware 77-0629474 (State ...

GoPro, Inc. (NASDAQ:GPRO) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Christopher Clark - VP, Corporate Communications Nicholas Woodman - CEO Brian McGee - CFO and COO Conference Call Participants Martin Yang - Oppenheimer Operator Hello, and welcome to GoPro Second Quarter 2023 Earnings Conference Call. My name is Elliot, and I'll be coordinating your call today. [Operator Instructions] I would now like to hand over to Christopher Clark, Vice President of Corporate Commu ...

Q2 2023 Preliminary Earnings Results Summary August 3, 2023 Confidential information. Copyright © 2023. GoPro, Inc. All rights reserved. SAFE HARBOR STATEMENT This presentation may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will” and variations of these terms or the negative of these terms and similar expressions are intended to identi ...