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Best Stock to Buy Right Now: Peloton vs GoPro
The Motley Fool· 2024-05-06 11:05
Group 1: Company Performance - Peloton and GoPro have both experienced significant stock declines, with GoPro down approximately 85% from its peak in 2021 [1] - Peloton's revenue is heavily reliant on subscriptions, with nearly 60% coming from this source, while GoPro's subscriptions account for about 13% of its total revenue [5][6] - Peloton is currently facing financial difficulties, including significant losses and recent layoffs, while GoPro has been operating near breakeven for several years [7] Group 2: Business Model Shifts - Both companies are transitioning towards subscription-based models to stabilize revenue, with Peloton offering an online workout service and GoPro providing storage and editing tools [4] - Peloton's app subscriptions have seen a decline, with a 21% year-over-year drop in the fiscal third quarter of 2024, indicating challenges in its new business model [5] - GoPro's subscriber base grew by 12% year-over-year in the fourth quarter of 2023, demonstrating a more successful transition to subscriptions compared to Peloton [6] Group 3: Market Position and Future Outlook - GoPro's subscription service shows strong renewal rates, with first-year rates around 60% and third-year rates approximately 80%, indicating customer retention [6] - Peloton's core business appears stagnant, while its new subscription model struggles to gain traction, raising concerns about its future growth [5] - Investors may prefer GoPro over Peloton due to its relatively stronger financial position and more successful subscription efforts, despite both companies being high-risk options [8]
GoPro Adds Eight Young 'Stars of Tomorrow' to its Professional Athlete Team
Prnewswire· 2024-04-23 13:18
Discovered through 'GoPro Grom Quest' Talent Search ProgramSAN MATEO, Calif., April 23, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced the addition of eight young athletes to its elite team of professional athletes.The athletes, ranging from 9 to 17 years old, were selected through GoPro's Grom Quest Challenge, a video-submission-based talent search designed to identify the next generation of top action sports athletes. GoPro Grom Quest Challenge winner, Jaydin Smart, age 10 Grom Quest part ...
GoPro Stock Is at an All-Time Low. Is It a Buy?
The Motley Fool· 2024-04-16 14:19
GoPro is taking steps to get back on track.GoPro (GPRO 1.99%) stock is trading at an all-time low and is down 60% in the past year. It's been a challenging period for the action-camera maker as it attempts to reach profitable growth.Results for 2023 disappointed investors. Revenue of $1 billion was down 8% year over year. Management said intense competition forced the company to lower pricing. This directly impacted margins and led to a $32 million adjusted net loss last year.The GoPro subscription business ...
GoPro Mountain Games Outdoor Festival Set to Kick off Summer in Picturesque Vail, Colorado
Prnewswire· 2024-04-09 13:05
"The GoPro Mountain Games are such an awesome way to kick off summer in the mountains, whether you're competing in the events, strolling around the village or taking in the evening concerts," says Rick Loughery, GoPro's Vice President of Global Marketing and Communications. "And GoPro's cameras and software are the perfect solutions to capture and share these experiences." "The GoPro stoke from the event attendees is unmatched and we're excited to continue working with VVF in the years to come," Loughery ad ...
GoPro Returns to the Pinnacle of Motorcycle Racing as Title Sponsor of MotoGP™ Gran Premio GoPro de Aragon
Prnewswire· 2024-04-03 13:15
The Official Action Camera of MotoGP to Deliver Thrilling Content from Every Grand Prix Event Throughout MotoGP's 2024 SeasonSAN MATEO, Calif., April 3, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced title sponsorship of the MotoGP™ Gran Premio GoPro de Aragon motorcycle race weekend to be held at the MotorLand racetrack in Alcañiz, Spain, August 31 – September 1, 2024. On-site fans and customers will have opportunities to interact with GoPro products and staff throughout the race weekend. ...
GoPro and PADI Link Up on New Specialty Certification Program for Scuba Divers
Prnewswire· 2024-03-12 13:15
New GoPro PADI Distinctive Specialty Course to Give Certified Scuba Divers Fresh Skills to Showcase Their AdventuresSAN MATEO, Calif., March 12, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) and PADI® (Professional Association of Diving Instructors®) announced the GoPro PADI Distinctive Specialty Course, a new GoPro-specific specialty certification for certified scuba divers, providing training on how to use GoPro cameras, accessories and the Quik video editing app to become the ultimate storyteller and ...
Why Is GoPro (GPRO) Down 10.9% Since Last Earnings Report?
Zacks Investment Research· 2024-03-08 17:36
It has been about a month since the last earnings report for GoPro (GPRO) . Shares have lost about 10.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is GoPro due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. GoPro’s Q4 Earnings Miss EstimatesGoPro reported fourth ...
The Case For Taking a Shot On GoPro Stock
The Motley Fool· 2024-03-02 17:37
Let there be no confusion -- buying a stock because you think the company is an acquisition target isn't investing. It's certainly not in line with our Foolish philosophy, which (among other things) suggests holding proven, quality brands for the long haul. All-or-nothing bets just aren't our thing.Every once in a blue Moon, however, a potential buyout candidate just so happens to be one because the market appears to be undervaluing that company's brand, operation, and future prospects.That's arguably where ...
GoPro Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-02-23 10:47
Wall Street often gets enamored with new and exciting technology. But, eventually, investors hone in on the financial statements as the source for their evaluation of a company. The "nifty technology versus earnings" dichotomy is what investors have to consider when they evaluate camera maker GoPro (GPRO -3.54%).Is this tech company a buy, sell, or hold? Most will probably want to err on the side of caution. Here's what you need to know.What does GoPro do?The core of GoPro's business is its camera equipment ...
GoPro to Present at Morgan Stanley Technology, Media & Telecom Conference
Prnewswire· 2024-02-21 11:30
SAN MATEO, Calif., Feb. 21, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that Founder and Chief Executive Officer Nicholas Woodman and Chief Financial Officer and Chief Operating Officer Brian McGee will present at the Morgan Stanley Technology, Media & Telecom Conference at the Palace Hotel in San Francisco, CA on Tuesday, March 5, 2024 at 11:45 am PT.A webcast of the event will be available live and accessible for replay on the "Events & Presentations" section of the Company's website a ...