GoPro (GPRO) FY Conference Summary Industry Overview - The action camera market is estimated to be around 3 million units globally, with GoPro being the U.S. leader in this market [4][5] - The 360 camera market is approximately 2 million units globally, with GoPro recently regaining about 10% market share with the MAX camera [5][6] - An adjacent opportunity exists in the higher-end low light camera category for vloggers and prosumers, which is also around 2 million units [6][19] - GoPro is exploring technology-enabled motorcycle helmets, a market with a total addressable market (TAM) of approximately $3 billion globally [7][8] Growth Opportunities - GoPro aims to expand its total addressable market (TAM) through aggressive moves into the 360 space and entering the low light prosumer space next year [6][19] - The company is partnering with AGV, a renowned motorcycle helmet brand, to leverage their expertise and enhance product quality [8][17] - The company has a comprehensive product roadmap that extends beyond what has been publicly shared, indicating potential for future growth [9] Software and Subscription Services - Software is increasingly important across all camera categories, enhancing user experience and facilitating cloud-based editing and sharing [10][12] - The GoPro subscription service has been successful, with features like auto-offloading content to the cloud and seamless editing [10][13] - Retention rates for the subscription service have improved, with 80% of subscribers staying beyond three years [30] - The attach rate for subscriptions has increased from low 40s to 56%, driven by app enhancements and better user engagement [30][48] Competitive Landscape - The motorcycle helmet industry is competitive, but GoPro sees an opportunity to introduce technology that is currently lacking in the market [17][18] - The low light prosumer camera market is also competitive, but GoPro believes it can differentiate itself through unique offerings [18][19] Future Outlook - GoPro plans to launch new software experiences in 2026 that could drive subscriber growth independent of hardware sales [35] - The company is exploring AI model training opportunities, leveraging its cloud data for potential monetization [50][52] - The TAM for AI training is estimated at $1.3 billion, growing at about 20% [53] Capital Allocation - The priority for capital allocation will focus on revenue growth and profitability, with potential for debt repurchase before stock buybacks [56][57] Key Metrics - GoPro's subscription attach rate for the HERO camera is about 25%, with higher rates for flagship models [40][41] - The company has over 13 million hours of content in the cloud, which is valuable for AI training opportunities [52] Conclusion - GoPro is positioned for growth through product innovation, strategic partnerships, and an emphasis on software and subscription services, while navigating a competitive landscape in the action camera and related markets [6][19][35]

Core Insights - GoPro reported revenue of $152.64 million for the quarter ended June 2025, marking an 18% year-over-year decline, with an EPS of -$0.08 compared to -$0.24 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $147.56 million by 3.45%, while the EPS fell short of the consensus estimate of -$0.07 by 14.29% [1] Financial Performance - GoPro's shares have increased by 78.5% over the past month, significantly outperforming the Zacks S&P 500 composite, which rose by 2.7% [3] - The company currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Key Metrics - Units shipped for cameras reached 408 thousand, surpassing the average estimate of 399.62 thousand from two analysts [4] - The number of subscribers stood at 2.45 million, matching the average estimate based on two analysts [4] - The average selling price was $374.00, slightly above the two-analyst average estimate of $369.24 [4]

Core Insights - GoPro reported a revenue of $134.31 million for the quarter ended March 2025, which is a decrease of 13.6% year-over-year, but exceeded the Zacks Consensus Estimate of $124.98 million by 7.46% [1] - The company's EPS was -$0.12, an improvement from -$0.21 in the same quarter last year, and also surpassed the consensus EPS estimate of -$0.13 by 7.69% [1] Performance Metrics - GoPro shipped 385 thousand cameras, exceeding the average estimate of 342.4 thousand from four analysts [4] - The subscriber count reached 2.47 million, slightly above the estimated 2.46 million [4] - The average selling price of cameras was $349, lower than the estimated $365.02 [4] - Revenue from GoPro.com was $40.43 million, surpassing the estimate of $38.92 million, but reflecting a 17.8% decline year-over-year [4] - Retail revenue was $93.88 million, exceeding the estimate of $85.86 million, but down 11.7% compared to the previous year [4] Stock Performance - GoPro shares have increased by 24.1% over the past month, significantly outperforming the Zacks S&P 500 composite, which rose by 3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]