Revenue of $259 million GoPro Subscribers Grew 2% Year-over-Year to 2.56 million Subscription and Service Revenue was $27.5 million, Up 11% Year-over-Year Announced Updated Restructuring Plan to Substantially Reduce Operating ExpensesSAN MATEO, Calif., Nov. 7, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its third quarter ended September 30, 2024, and posted management commentary, including forward-looking guidance, in the investor relations section of its website at http ...

SAN MATEO, Calif., Oct. 17, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the third quarter ended September 30, 2024, after the market closes on Thursday, November 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 & Presentations" section ...

In the highly anticipated women's competition, GoPro athletes Vero Sandler and Casey Brown will compete against the world's best female freeriders. Both riders are renowned for pushing the limits of the sport, and now, they will make history competing in the first-ever women's event at Red Bull Rampage. The men's competition on Saturday, will feature GoPro athletes Reed Boggs and Brendan Fairclough, two longtime Red Bull Rampage competitors. "Red Bull Rampage is the ultimate proving ground for freeride moun ...

GoPro (GPRO) recently introduced a cutting-edge "4K'ing Tiny" camera — the HERO. With its ultra-compact design, waterproof durability, stunning 4K video, intuitive controls and a price tag of just $199, GoPro's latest offering brings premium features to a much wider audience. It is currently available for purchase both online and at retail stores around the globe. Weighing in at just 86 grams, the HERO is the smallest and lightest camera GoPro has ever launched. It boasts a compact design that is 35% smalle ...

$199 HERO Joins New Flagship HERO13 Black in Global Distribution RolloutSAN MATEO, Calif., Sept. 23, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced that its new $199 "4K'ing Tiny" camera, simply named "HERO", is now available on retail shelves around the world and for purchase online at GoPro.com. GoPro's new $199 HERO weighs in at 86 grams and is the smallest ever 4K GoPro with a screen.Weighing just 86 grams, the tiny new 4K HERO camera is waterproof, durable and combines GoPro's simplest user ...

A month has gone by since the last earnings report for GoPro (GPRO) . Shares have added about 6.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is GoPro due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. GoPro Q2 Loss Narrower Than ExpectedGoPro reported a second-qua ...

GoPro (GPRO) recently launched two new cameras — HERO13 Black and HERO — with new features. Both HERO and HERO13 Black cameras are available for preorder. For HERO, the preorder shipping and global retail on-shelf availability will begin on Sept. 22, while the same for HERO13 Black will commence on Sept. 10.Priced at $199, HERO is the smallest and lightest 4K GoPro ever (weighing only 86 grams) with a screen that boasts an ultralight design and striking 4K image quality, highlighted GoPro. HERO has 35% less ...

"This year's two new GoPro cameras are inspired by and built for the GoPro Community," says GoPro Founder and CEO Nicholas Woodman. "HERO13 Black features four new interchangeable lens mods that HERO13 automatically detects and adjusts its settings for, magnetic latch mounting, GPS, and a more powerful battery that provides longer runtimes and improved thermal performance. And then there's HERO, the smallest, lightest 4K GoPro ever with a screen that will appeal to new and experienced users with its rugged, ...

GoPro, Inc. (GPRO) recently announced its decision to trim nearly 15% of its workforce, as approved by its board of directors. The initiative is part of a broader restructuring plan, which is aimed at reducing operating expenses by approximately $50 million to $320 million (+/- $5 million) in 2025 from the midpoint of the projected total operating expenses of $365-$370 million in 2024. The restructuring charges are expected between $5 million and $7 million. Of these charges, it expects to incur cash expens ...

Core Viewpoint - GoPro, Inc reported a narrower non-GAAP loss of 24 cents per share for Q2 2024, with revenues of $186 million, down 23% year-over-year, but exceeding guidance and consensus estimates [1][2]. Financial Performance - GoPro generated revenues of $186 million, down 23% year-over-year, but above the guidance of $170 million and consensus by 9.2% [1] - The company incurred a non-GAAP loss of 24 cents per share, compared to a loss of 5 cents per share in the same quarter last year [1] - Gross profit decreased by 25.2% year-over-year to $56.7 million, while total operating expenses rose by 5% to $103.2 million, resulting in an operating loss of $46.5 million [5] - Adjusted EBITDA loss was $33.4 million, compared to a loss of $10.3 million a year ago [5] Unit Sales and Subscribers - GoPro shipped 576 million camera units in the reported quarter, down 18.2% year-over-year [2] - The company recorded 2.53 million subscribers, marking a 4% year-over-year growth, with an expectation of reaching 2.6 million by the end of 2024 [2] Revenue Breakdown by Region - Revenues from the Americas totaled $88.7 million (47.6% of total revenues), down 27% year-over-year [2] - Revenues from Europe, the Middle East, and Africa were $64.5 million (34.6%), declining 3% year-over-year [2] - Asia Pacific revenues were $33 million (17.8%), down 38% year-over-year [2] Revenue Breakdown by Channel - GoPro.com revenues were $49.1 million (26.4%), plunging 35.1% year-over-year [2] - Retail channel revenues were $137.1 million (73.6%), falling 17.1% year-over-year [3] - Hardware revenues totaled $22.8 million, down from $51.2 million in the prior-year quarter, while subscription revenues increased by 8% to $26.3 million [3] Inventory and Cash Flow - The company had $97.3 million in inventory, down from $135.4 million in the year-earlier quarter [4] - GoPro generated $0.6 million of net cash from operating activities, compared to $7.852 million used in the year-earlier quarter [6] Guidance and Future Outlook - For Q3 2024, revenues are estimated to be $255 million (+/- $5 million), with a forecasted non-GAAP adjusted loss of 5 cents per share [7] - The company expects a delay in the launch of a new entry-level camera to 2025, impacting Q4 2024 revenues by $20-$25 million [7] - Revised revenue expectations for 2024 are between $850-$870 million, down from slightly above $900 million [8]