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Chinese GoPro rival Insta360 posts 90% jump in sales as it gears up to enter drone market
Yahoo Finance· 2025-10-28 09:30
Core Insights - Insta360, a Chinese competitor to GoPro, experienced a 90% increase in third-quarter revenue year-on-year, preparing to compete with DJI by the end of 2025 [1] - The company's revenue for the September quarter reached 2.94 billion yuan (US$413 million), reflecting a growth of 92.64% [1] - Total sales for the first nine months of 2025 rose by 67.18% year-on-year to 6.61 billion yuan [3] Financial Performance - Net income for the third quarter decreased by 15.9% to 271.9 million yuan, attributed to significant investments in chip customization and strategic projects [2] - Excluding these investments, profit improved compared to the previous year [2] Market Position and Developments - Insta360 holds a 67% share of the global 360-degree camera market in 2023 and ranks second in action cameras behind GoPro [5] - The company recently launched its drone brand, Antigravity, with its first product expected to start sales in selected markets in the fourth quarter [6] - Insta360's stock surged 285% during its June trading debut on Shanghai's Star Market, raising 1.9 billion yuan [4]
Hands On with Insta360’s Newest 4K Action Camera: The $450 GO Ultra
CNET· 2025-08-21 13:17
This is the new Insta3 Go Ultra. It's the company's newest $450 action camera that pretty much has the same functionality and look as the tiny Go3S, but it has the camera of Insta3's X and A series. Inside the box, you'll get the standalone camera and action pod, a quick release safety cord, a magnetic easy clip, a magnetic pendant, a USBC charging cable, documentation, and a lens guard which is on the camera.The Go Ultra, unlike the Go 3S, shoots at 4K 60 frames per second and features a 2.5% inch touchscr ...