The turnaround vision is getting harder and harder to see.GoPro's (GPRO -7.29%) turnaround isn't taking hold, and the company has once again seen its stock drop like a rock this week. According to data provided by S&P Global Market Intelligence, shares fell as much as 17.7% during the week and are down 16.7% at 3 p.m. ET on Friday.From bad to worseGoPro announced first-quarter earnings this week, and there wasn't a lot to like. Revenue fell 11% from a year ago to $155 million, generally accepted accounting ...

GoPro, Inc (GPRO) reported first-quarter 2024 non-GAAP loss of 21 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents. The company incurred a loss of 18 cents in the year-ago quarter.It generated revenues of $155.5 million, down 11% year over year. The top line beat the consensus mark by 5.6%.Revenue growth in the Retail business segment along with increasing subscriber base cushioned the top-line performance.Shares are up 3.3% in the pre-market trading on May 8. In the past ye ...

GoPro, Inc. (NASDAQ:GPRO) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Chris Clark - VP, Corporate Communications Nicholas Woodman - CEO Brian McGee - CFO and COO Conference Call Participants Andrew Uerkwitz - Oppenheimer Operator Hello and welcome to the GoPro First Quarter 2024 Earnings Call. My name is Lauren, and I'll be coordinating your call today. There will be opportunity to questions at the end of the presentation. [Operator Instructions] I would now hand you over ou ...

GoPro (GPRO) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this action video camera maker would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%.Over the last four quarters, the company ...

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 March 31, 2024 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 or o ...

Q1 2024 Preliminary Earnings Results Summary May 7, 2024 Copyright © 2024. 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,” “plan” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-look ...

EXHIBIT 99.1 GoPro Announces First Quarter Results Revenue of $155 million was 7% Above Guidance GoPro Subscribers Grew 6% Year-over-Year to 2.5 million Subscription and Service Revenue was $26 million, up 12% Year-over-Year SAN MATEO, Calif., May 7, 2024 - GoPro, Inc. (NASDAQ: GPRO) announced financial results for its first quarter ended March 31, 2024 and posted management commentary, including forward-looking guidance, in the investor relations section of its website at https://investor.gopro.com. "GoPro ...

Two companies with niche products trying to lean into subscriptions. Is one better than the other or are they both high risk options?There's one unfortunate similarity between exercise equipment maker Peloton (PTON 9.43%) and camera maker GoPro (GPRO 0.52%) -- their stocks have lost huge amounts of value over the past few years. GoPro is the "better" performer, only down around 85% from its high water mark in 2021. What's going on with these two companies and is it worth stepping in to catch either of these ...

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 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 ...