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GoPro third-quarter revenue drops 12% to $259 million Earnings reports 

GoPro third-quarter revenue drops 12% to $259 million

GaryPageau 0 comment
GoPro, Inc. announced financial results for its third quarter ended Sept.30, 2024. The company had third-quarter revenue of $259 million, down 12% over last year, but subscription and services revenue – spurred by a 2% increase to 2.56 million GoPro subscribers – grew 11% to $27.5 million. “In Q3, revenue of $259 million exceeded the midpoint of our guidance, and... Read More
GoPro partners with SoftBank Group’s SB C&S Corp. to expand Japan distribution News 

GoPro partners with SoftBank Group’s SB C&S Corp. to expand Japan distribution

GaryPageau ,
GoPro, Inc. announced a new distribution partnership with SoftBank Group’s SB C&S Corporation in Japan to sell GoPro products through one of the largest sales networks in the region. The deal enables SB C&S to provide its retail customers with the full range of GoPro cameras and accessories. Now, customers in Japan will have greater access to a wide selection... Read More
GoPro announces retail expansion at Best Buy Partnerships 

GoPro announces retail expansion at Best Buy

GaryPageau ,
GoPro, Inc. announced a large-scale merchandising rollout and sales program at Best Buy, combining the installation of completely redesigned product displays, an assisted sales program, and in-store and digital marketing. GoPro cameras and accessories will be displayed in nearly 900 Best Buy stores across North America, including in more than 250 specialty Camera Experience Shops (CES). Best Buy’s CES locations will feature... Read More
GoPro, PADI link up on new specialty certification program for Scuba Divers News 

GoPro, PADI link up on new specialty certification program for Scuba Divers

GaryPageau ,
GoPro and PADI  (Professional Association of Diving Instructors) announced the GoPro PADI Distinctive Specialty Course, a new GoPro-specific specialty certification for certified scuba divers, providing training on how to use GoPro cameras, accessories and the Quik video editing app to become the ultimate storyteller and content creator. PADI is the largest purpose-driven diving organization with a global network of 6,600... Read More
GoPro reports 8% revenue decline for 4Q, full year Earnings reports News 

GoPro reports 8% revenue decline for 4Q, full year

GaryPageau
GoPro, Inc. announced financial results for its fourth quarter and full year ended Dec. 31, 2023. In both periods, the company showed an 8% decline in revenues, despite a double-digit percentage increase in subscriber revenue. For the fourth quarter of 2023, GoPro’s revenue was $295 million, down 8% year-over-year, but subscription and service revenue increased 13% year-over-year to $25 million.... Read More
GoPro releases macOS desktop version of Quik app, launches $99 Premium service New Products Updates 

GoPro releases macOS desktop version of Quik app, launches $99 Premium service

GaryPageau , ,
GoPro announced the initial release of a macOS desktop version of its popular mobile app, Quik. GoPro also announced a new Premium+ $99.99 GoPro subscription tier offering additional features and benefits beyond the original $49.99 GoPro subscription tier, now known as “Premium.” The Quik desktop app, available at no additional charge to GoPro subscribers, syncs with the Quik mobile app. Quik’s auto highlight editing... Read More
GoPro to acquire Forcite, maker of tech-enabled helmets Acquisitions News 

GoPro to acquire Forcite, maker of tech-enabled helmets

GaryPageau ,
GoPro, Inc. announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite’s vision to provide tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time. GoPro’s acquisition of Forcite is expected to close in Q1 of 2024, subject to customary closing conditions. GoPro will share... Read More
GoPro reports third-quarter revenue of $294 million Earnings reports News 

GoPro reports third-quarter revenue of $294 million

GaryPageau
GoPro, Inc. announced third-quarter revenue of $294 million, down 4% from last year, while the quarterly net loss was $4 million, compared to $18 million in net income. GoPro subscriber count ended Q3 at 2.5 million, up 20% year-over-year. “GoPro had a strong third quarter, demonstrating the merits of the growth strategy we initiated in May,” said Nicholas Woodman, GoPro’s founder... Read More
GoPro’s opens ultimate Point of View (POV) awards challenge Events News 

GoPro’s opens ultimate Point of View (POV) awards challenge

GaryPageau
GoPro announced submissions are open for the GoPro Awards Ultimate POV Challenge. The new awards challenge gives customers the chance to earn a share of a $50,000 cash award and an opportunity to be featured on GoPro’s social channels by submitting a most unique, most immersive first-person photos and videos. GoPro will reward select content with cash payouts through the... Read More
GoPro reports $241 million second-quarter revenue, subscriptions up Earnings reports News 

GoPro reports $241 million second-quarter revenue, subscriptions up

GaryPageau
GoPro, Inc. announced financial results for its second quarter ended June 30, 2023. For the quarter, revenue was $241 million, which was 10% above guidance and but down 4% year-over-year. GoPro subscriber count ended the quarter at approximately 2.44 million, up 27% year-over-year. Revenue from the retail channel was $165 million, up 6% year-over-year. GoPro.com revenue, including subscription and service revenue, was... Read More
GoPro second-quarter income up slightly News 

GoPro second-quarter income up slightly

GaryPageau
GoPro, Inc. reported second-quarter revenue was up slightly or the period ended June 30, 2022. Revenue was $251 million, up slightly year-over-year from $250 million, with a strong U.S. dollar unfavorably impacting Q2 revenue by approximately $8 million year-over-year, the company said. GoPro.com revenue, including subscription and service revenue, increased 9% year-over-year to $95 million, or 38% of total revenue.... Read More
GoPro announces third-quarter revenue up 13% Earnings reports News 

GoPro announces third-quarter revenue up 13%

GaryPageau
GoPro, Inc. announced third-quarter revenue for the quarter ended Sept. 30, 2021, was $317 million, up 13% year-over-year. GoPro.com subscription revenue increased 143% year-over-year to $14 million; the company has 1.34 million subscribers. “GoPro had an outstanding third quarter with strong revenue, earnings, margin, and cash flow growth that have led us to raise our margin and profitability outlook for... Read More
GoPro debuts HERO10 Black camera New Products 

GoPro debuts HERO10 Black camera

GaryPageau ,
GoPro announced a new flagship camera, HERO10 Black, featuring the company’s new GP2 processor, capable of delivering 5.3K video at 60 frames per second, 4K video at 120 frames per second, and 2.7K video at 240 frames per second. The new processor also enables HyperSmooth 4.0 video stabilization. The HERO10 Black also takes 23-megapixel photos, has improved low-light performance, and... Read More