GoPro is trying to update its business model, but there could be a limited runway ahead if things don't start to improve soon.Share prices of GoPro (GPRO -7.43%) are down more than 60% over the past year. Investors are clearly not impressed with what's going on at the action-camera maker. The company has a plan to overhaul its business and the truth is that it may not succeed. Management could also run out of time to get it to work. The company's future is a bit blurry at the moment.Here's what you need to ...

SAN MATEO, Calif., June 12, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced that it has surpassed 50 million cameras sold since the launch of its ground-breaking HD HERO camera back in 2009."GoPro has helped the world capture and share itself in ways that we could only dream of prior to the invention of the first GoPro camera," said the Company's founder and CEO, Nicholas Woodman. "Selling 50 million cameras over a 15 year span feels good, but it's the next 50 million cameras I'm most excited abo ...

A month has gone by since the last earnings report for GoPro (GPRO) . Shares have lost about 13.2% 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 drivers. GoPro Reports Q1 Loss   GoPro reported first-quarter 2024 non-G ...

Shares in this camera technology company are dirt cheap. But what will the future hold?With its shares down a stunning 96% since their initial public offering (IPO) in 2014, GoPro (GPRO -0.67%) has been a nightmare for early investors. Few would have seen this underperformance coming, considering the company's previously strong brand and the burgeoning online content creation industry that made its products relevant. Let's dig deeper to see what the next five years could have in store for this struggling ca ...

Core Viewpoint - GoPro is attempting to expand its appeal and develop a subscription business, but current subscription growth has stagnated, raising concerns about its market reach and sustainability [1][4][5]. Subscription Business - GoPro has introduced a subscription service to transition from episodic camera purchases to a more stable revenue stream, with high renewal rates: 60%-65% in year one, 70%-75% in year two, and around 80% in year three [2][3]. - The subscriber count increased from approximately 940,000 in Q1 2021 to 2.5 million in Q1 2024, indicating initial success [3]. Subscriber Growth Challenges - Subscriber growth has plateaued at around 2.5 million for three consecutive quarters, including the critical holiday season, which typically boosts sales [4]. - The niche nature of GoPro's products poses a challenge, as the company may have reached its market capacity, necessitating a broader product lineup to attract more consumers [4][5]. Business Sustainability - The success of the subscription service and the expansion of the product lineup are crucial for GoPro to regain investor confidence and ensure long-term viability [5]. - Without a successful strategy to attract new customers, GoPro may struggle to maintain its status as a standalone entity [5][6].

The quick answer is no, but in order to buy GoPro stock you need to believe that the company's transition plan is going to work.Don't worry -- if you are looking at GoPro (GPRO -1.82%) stock, you have not missed the opportunity to buy.Its shares are down roughly 55% over the past year and over 95% from their high-water mark in 2015. With the stock now trading at around $1.70 each, there's plenty of time to buy in. You just have to believe that GoPro can broaden its business model and remain a stand-alone pu ...

Core Viewpoint - GoPro's international operations are crucial for assessing its financial resilience and growth prospects, especially in a globally interconnected economy [1][2]. Group 1: International Revenue Performance - GoPro's total revenue for the quarter was $155.47 million, reflecting an 11% decrease [2]. - Revenue from Europe, Middle East, and Africa was $52.01 million, accounting for 33.5% of total revenue, surpassing the consensus estimate by 23.65% [3]. - Asia and Pacific region generated $26.86 million, representing 17.3% of total revenue, which was a 24.07% miss compared to projections [3]. Group 2: Future Revenue Projections - Analysts expect GoPro to report total revenue of $170.71 million for the current fiscal quarter, a decline of 29.2% year-over-year [4]. - For the full year, total revenue is projected at $932.6 million, down 7.3% from the previous year, with Europe, Middle East, and Africa expected to contribute 30.7% and Asia and Pacific 25.7% [4]. Group 3: Stock Performance and Market Context - GoPro's stock has decreased by 12.6% over the past month, contrasting with a 1.3% rise in the Zacks S&P 500 composite [8]. - Over the last three months, GoPro shares have lost 32.9%, while the S&P 500 increased by 4.3% [8].

SAN MATEO, Calif., May 13, 2024 /PRNewswire/ -- Today, GoPro, Inc. (NASDAQ: GPRO) announced a large-scale merchandising rollout and sales program at Best Buy, one of the world's largest specialty consumer electronics retailers. The retail expansion combines the installation of completely redesigned world-class product displays, an assisted sales program, and in-store and digital marketing to deliver a complete GoPro experience to customers. GoPro cameras and accessories will be featured in new world-clas ...

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 ...