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Watch as GoPro Captures Every Thrilling Moment of Red Bull Rampage in Third Year as Exclusive Action Camera Partner
Prnewswire· 2025-11-17 14:00
Core Insights - GoPro continues to solidify its position as a leader in action camera technology by being the Exclusive Action Camera Partner for the Red Bull Rampage event for the third consecutive year, showcasing its commitment to the action sports community [1][2] - The 2025 Red Bull Rampage featured impressive performances from GoPro athletes, with Jaxson Riddle winning the Best Trick Award and Reed Boggs finishing in the top five, highlighting the brand's association with high-level athleticism [1][2] Company Performance - GoPro athletes utilized the latest camera technology, including the True 8K 360 MAX2 and HERO13 Black, to capture thrilling moments during the event, indicating the company's focus on innovation and product development [2] - The event was broadcasted on various platforms, including the GoPro YouTube channel, enhancing the brand's visibility and engagement with action sports fans [1][2] Financial Updates - Nicholas Woodman, the founder and CEO of GoPro, made a direct investment of $2 million, reflecting confidence in the company's future and potential growth [4]
GoPro Adds MotionFrame & POV 360 Editing Tools to Quik App
ZACKS· 2025-06-24 15:16
Core Insights - GoPro, Inc. has launched two new tools, MotionFrame and POV, to enhance the 360-editing capabilities in its Quik mobile app, allowing users to create dynamic edits and immersive videos easily [1][11] - The company is focusing on product innovation and diversification, with plans for new camera releases and entry into the smart helmet market [5][6] Product Innovations - MotionFrame enables users to create dynamic edits by moving their phone during 360 video playback, while the POV tool aligns edits with the direction of travel using GPS data [1][11] - The Quik app includes AI-powered object tracking, keyframing, and CameraFx for enhanced editing capabilities [3] - GoPro has introduced a refreshed MAX 360 camera and plans to launch the MAX2 in 2025, along with an Anamorphic Lens Mod for the HERO13 Black [5] Market Expansion - GoPro's acquisition of Forcite Helmet Systems and collaboration with AGV marks its entry into the $3 billion tech-enabled motorcycle helmet market, potentially unlocking new revenue streams [6] - The company is diversifying its supply chain to adapt to changing market conditions, which is reflected in its operational efficiency and long-term growth strategy [8] Financial Performance - For Q2 2025, GoPro estimates revenues of $145 million (+/- $10 million) with a forecasted non-GAAP adjusted loss of 7 cents per share (+/- 4 cents) [9] - The company's first-quarter results show a decrease in operating expenses year over year and an increase in subscription ARPU, indicating improved revenue quality [8]