Tag: GoPro – The Dead Pixels Society

GoPro revenue drops 20% in 2024

February 7, 2025February 8, 2025 GaryPageau GoPro

After reporting a full-year revenue drop of 20% ,GoPro, Inc. announced a plan to return to growth and profitability. “In 2024 we undertook several initiatives to put us back on a path to return to growth and profitability in 2026,” said Nicholas Woodman, GoPro’s founder and CEO. “This includes our plan to reduce operating expenses for 2025 by nearly 30%... Read More

Earnings reports

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

November 12, 2024November 16, 2024 GaryPageau GoPro

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

News

GoPro to reduce workforce to trim operating expenses

September 2, 2024September 10, 2024 GaryPageau GoPro

Action camera maker GoPro Inc. said it would cut about 15% of its workforce this year, as part of a restructuring plan to reduce operating expenses, according to Reuters. The company expects to take charges in the range of $5 million to $7 million for the restructuring plan. The layoffs – around 139 jobs – are expected to begin in... Read More

News

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

July 9, 2024July 13, 2024 GaryPageau GoPro, Yodobashi

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

Partnerships

GoPro announces retail expansion at Best Buy

May 16, 2024May 18, 2024 GaryPageau Best Buy, GoPro

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

Earnings reports News

GoPro reports first-quarter sales up 7% but net losses climb

May 8, 2024May 15, 2024 GaryPageau GoPro

GoPro Inc. announced first quarter revenue was $155 million, down 11% year-over-year, while subscription and service revenue increased 12% year-over-year to $26 million. The GAAP net loss was $339 million, or a $2.24 loss per share, compared to a net loss of $30 million or $0.19 loss per share, in the prior year period, due to the recording of a... Read More

News

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

March 12, 2024March 20, 2024 GaryPageau GoPro, PADI

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

Earnings reports News

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

February 8, 2024February 13, 2024 GaryPageau GoPro

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

New Products Updates

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

February 6, 2024February 13, 2024 GaryPageau GoPro, MacOS, Quik app

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

Acquisitions News

GoPro to acquire Forcite, maker of tech-enabled helmets

January 16, 2024January 24, 2024 GaryPageau Forcite, GoPro

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

Earnings reports News

GoPro reports third-quarter revenue of $294 million

November 7, 2023November 12, 2023 GaryPageau GoPro

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

Events News

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

October 12, 2023October 16, 2023 GaryPageau GoPro

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

Earnings reports News

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

August 5, 2023August 10, 2023 GaryPageau GoPro

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

News

GoPro second-quarter income up slightly

August 4, 2022August 18, 2022 GaryPageau GoPro

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

Earnings reports News

GoPro announces third-quarter revenue up 13%

November 5, 2021November 14, 2021 GaryPageau GoPro

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