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GoPro announces $119 million in sales, as expected. Earnings reports 

GoPro announces $119 million in sales, as expected.

GoPro, Inc. announced first-quarter revenues were $119 million, in line with its preliminary reports, but down from the $243 million for the same period last year. The net loss in the quarter was $64 million. “We’ve taken decisive action to transition into a more efficient and profitable direct-to-consumer business,” says Nicholas Woodman, GoPro founder and CEO. “This benefits GoPro with... Read More
GoPro to restructure, to accelerate direct-to-consumer activities News People on the Move 

GoPro to restructure, to accelerate direct-to-consumer activities

GoPro Inc. announced a $100 million reduction to 2020 operating expenses including a 20% workforce reduction – and plans to further reduce non-headcount related operating expenses to $250 million in 2021 – as well as accelerated plans to go direct to consumer. The company said the direct business is a “meaningful contributor” to profitability in recent years. “GoPro’s global distribution... Read More
GoPro launches #HomePro challenge celebrating the great indoors Promotions 

GoPro launches #HomePro challenge celebrating the great indoors

Now through April 30, GoPro is hosting the #HomePro Challenge, inviting anyone around the world to submit their most creative videos and photos, shot on any device, for a chance to win a HERO8 Black or MAX camera and five years of GoPro PLUS subscription service. GoPro will choose five winners each day from all submissions tagged #HomePro on Instagram, TikTok, Youtube or Facebook. “The GoPro... Read More
GoPro reports full-year revenue up 4% Earnings reports 

GoPro reports full-year revenue up 4%

GoPro Inc. announced financial results for its fourth quarter and full-year ended December 31, 2019. Full-year revenue was $1.195 billion, up 4 % over last year, with fourth-quarter revenue up 40% to $528 billion. Net income for the year was $96 million. “GoPro achieved both revenue growth and full-year non-GAAP profitability in 2019 due to strong sell-through throughout the year... Read More
Holiday weekend sales top records Market research News 

Holiday weekend sales top records

A record 189.6 million U.S. consumers shopped from Thanksgiving Day through Cyber Monday this year, an increase of 14 percent over last year’s 165.8 million, according to the National Retail Federation and Prosper Insights & Analytics. Shoppers spent an average $361.90 on holiday items over the five-day period, up 16 percent from $313.29 during the same period last year, the... Read More
GoPro third-quarter revenues drops 54% Earnings reports News 

GoPro third-quarter revenues drops 54%

GoPro, Inc. announced financial results for its third quarter ended Sept. 30, 2019, with third-quarter revenue dropping 54% to $131 million, compared to $286 million the year prior. The quarter’s net loss was $75 million, compared to a net loss of $27.1 million last year. “Third-quarter results are above the guidance provided on Oct. 2,” says Nicholas Woodman, founder and... Read More
GoPro kicks off million dollar challenge for HERO8 Black + MAX camera owners Marketing Press releases Promotions 

GoPro kicks off million dollar challenge for HERO8 Black + MAX camera owners

SAN MATEO, Calif., Oct. 15, 2019 /PRNewswire/ — GoPro, Inc. is putting up $1,000,000 to celebrate the creativity and passion of the GoPro-owner community with the GoPro Million Dollar Challenge. Open exclusively to owners of HERO8 Black and MAX cameras, the GoPro Million Dollar Challenge will award an equal share of $1,000,000 to entrants whose video clips are included in the... Read More
GoPro introduces HERO8 BLACK, Mods and MAX New Products News Press releases 

GoPro introduces HERO8 BLACK, Mods and MAX

SAN MATEO, Calif., Oct. 2, 2019 /PRNewswire/ — GoPro, Inc. (NASDAQ: GPRO) this week introduced HERO8 Black and its performance-expanding Mods, along with MAX, the company’s new dual-lens camera that’s so versatile it’s like having three cameras in one. “It’s been 15 years since the first GoPro camera, and from the start our purpose has been to help people share... Read More
photokina 2020 announces key exhibitors and some cancellations Events Press releases 

photokina 2020 announces key exhibitors and some cancellations

photokina 2020: an industry in transformation, a decisive chance for the future The imaging industry is currently undergoing massive changes, which also have an impact on photokina as the industry’s leading trade fair – and this in a dimension never seen before. While on the one hand the classic camera market reports strongly declining sales and turnover figures, the enjoyment... Read More
Tariffs not expected to impact GoPro’s second-half 2019 financial performance News Press releases 

Tariffs not expected to impact GoPro’s second-half 2019 financial performance

SAN MATEO, Calif., Aug. 26, 2019 /PRNewswire/ — GoPro, Inc. today reiterated that it does not expect the recently announced tariffs to have an impact on its second half 2019 financial performance as most of its U.S. bound camera production will come from Mexico in the second half of 2019. “As previously stated, we began production in Guadalajara, Mexico of our U.S.... Read More
GoPro announces second quarter 2019 results Earnings reports News Press releases 

GoPro announces second quarter 2019 results

Second Quarter Results In-line with Guidance Revenue of $292 Million Increased 20% Sequentially and 3% Year-over-Year Sell-Through of Cameras at $300 and Above Increased More Than 90% Year-over-Year GoPro Plus Paid Subscribers Increased 15% Sequentially and 50% Year-over-Year SAN MATEO, Calif., Aug. 1, 2019 /PRNewswire/ — GoPro, Inc.  announced financial results for its second quarter ended June 30, 2019. “In the second quarter,... Read More
GoPro, Quik apps combine for one mobile editing experience New Products Press releases Updates 

GoPro, Quik apps combine for one mobile editing experience

GoPro App Update Unlocks New Features and Tools for Photo and Video Editing; Lays the Groundwork for Future Innovation SAN MATEO, Calif., July 31, 2019 /PRNewswire/ — Got content? GoPro is here to help you view, edit and share it faster and fresher with its new GoPro app update, released today. The update integrates the best of the Quik video editing app into... Read More
SANDMARC introduces rig for iPhone and mobile filmmakers New Products Press releases 

SANDMARC introduces rig for iPhone and mobile filmmakers

SAN DIEGO, July 2, 2019 /PRNewswire/ — SANDMARC, a brand specializing in photography gear for iPhone, DJI and GoPro cameras, introduced a product focused on versatile iPhone and mobile filmmaking: SANDMARC Film Rig. Built entirely of aluminum, the Film Rig is designed for providing a stabilized footage when shooting action. It is compatible with all our lenses and does not... Read More
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