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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]
GoPro Announces First Quarter Results
Prnewswire· 2025-05-12 20:05
Revenue of $134 million, at High-end of GuidanceSubscription and Service Revenue Up 4% Year-over-Year to $27 million SAN MATEO, Calif., May 12, 2025 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its first quarter ended March 31, 2025, and posted management commentary, including forward-looking guidance, in the investor relations section of its website at https://investor.gopro.com."Our Q1 results reflect our commitment to reducing operating expenses, down 26% year-over-year, imp ...