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GoPro announces fourth quarter, full year 2020 results Earnings reports 

GoPro announces fourth quarter, full year 2020 results

GoPro Inc. announced fourth-quarter and full-year results for year ended Dec. 31, 2020. The company posted fourth-quarter revenue of $358 million, a 28% increase from the previous quarter. For the full year, revenue was $892 million, down 25% from the $1.19 billion in 2019. “GoPro’s shift to a more subscription-centric consumer-direct model is resulting in a simpler, more profitable business... Read More
GoPro Labs firmware unlocks advanced GoPro camera features News Updates 

GoPro Labs firmware unlocks advanced GoPro camera features

GoPro announced its GoPro Labs special firmware program has released an update that unlocks innovative and experimental features for advanced users. The program supports HERO9 Black, HERO8 Black, HERO7 Black, and GoPro MAX devices. The new features include: Camera Motion Triggers: Leverage the camera’s accelerometer and/or gyroscope to start/stop capture only when the camera is in motion, preserving storage and battery. USB Power Triggers: Equips... Read More
GoPro debuts Remote device, adds firmware update News 

GoPro debuts Remote device, adds firmware update

GoPro, Inc. announced a new firmware update for its HERO9 Black flagship making it compatible with the company’s new ruggedized, waterproof, Bluetooth $79.95 remote named, The Remote. It is currently available in North America only with a worldwide release coming in Feb. 2021. HERO9 Black’s new v1.5 firmware also includes: Up to 30% faster wireless transfer of content from the camera... Read More
GoPro subscribers surge past 667,000 over Black Friday/Cyber Monday period News 

GoPro subscribers surge past 667,000 over Black Friday/Cyber Monday period

GoPro, Inc. announced its GoPro subscriber count surged past the 670,000 mark due to record-breaking sales at GoPro.com during the Black Friday and Cyber Monday period. The company also said this week it sold its 40 millionth camera since the debut of its first HD model in 2009. “GoPro.com performed as we expected, handily breaking sales records over the Black Friday –... Read More
GoPro doubles third-quarter revenue Earnings reports 

GoPro doubles third-quarter revenue

GoPro reports third-quarter 2020 revenue was $281 million, a 109% sequential improvement from $134 million, driven by the HERO9 and a boost in GoPro subscriptions. Net income dropped to $3 million, however, from $31 million last year.  “Thanks to consistent momentum throughout the quarter and the strong launch of HERO9 Black coupled with our GoPro subscription service, in Q3 GoPro achieved... Read More
GoPro debuts HERO9 Black New Products 

GoPro debuts HERO9 Black

GoPro, Inc. announced its new camera, HERO9 Black featuring a new sensor delivering 5K video and 20-megapixel photos, next-generation video stabilization with in-camera horizon leveling, a new front-facing display, a larger rear display, 30% more battery life, and a Max Lens Mod accessory that brings Max HyperSmooth video stabilization and Max SuperView ultra-wide-angle photo and video to HERO9 Black. HERO9... Read More
GoPro launches live-streaming service for GoPro Plus subscribers New Products 

GoPro launches live-streaming service for GoPro Plus subscribers

GoPro, Inc. launched a high-quality live-streaming service, making it simple for GoPro Plus subscribers to live stream from their GoPro camera to GoPro.com. The company also released new firmware for HERO8 Black adding HyperSmooth 2.0 High and Boost to more video settings and includes official webcam support for macOS. Windows support for GoPro Webcam is now in beta and available... Read More
GoPro announces second-quarter revenues up 12% Earnings reports 

GoPro announces second-quarter revenues up 12%

GoPro, Inc. announced financial results for its second quarter ended June 30, with revenue up 12% of $134 million. Sales from GoPro.com grew to 44%. The company sold 750,000 units. Our strategic shift to a more direct-to-consumer business with lower operating costs is working,” said Nicholas Woodman, GoPro founder and CEO. “Camera sell-through during Q2 demonstrates resilient consumer demand for GoPro and an increasing... Read More
GoPro launches lifestyle gear including bags and apparel New Products 

GoPro launches lifestyle gear including bags and apparel

GoPro Inc. launched a line of lifestyle gear that is available worldwide exclusively on GoPro.com. GoPro’s lifestyle gear lineup includes bags, backpacks, and cases starting at $19.99, clothing starting at $24.99 and other goods, like floating sunglasses and water bottles, starting at $29.99. “GoPro has been focused on helping people pursue active lifestyles since day one, and our expansion into categories like bags, apparel and ultra-functional accessories stay... Read More
GoPro HERO8 Black now works as an HD webcam Updates 

GoPro HERO8 Black now works as an HD webcam

GoPro, Inc. announced its flagship HERO8 Black camera now functions as a 1080p high-definition, wide-angle webcam with a beta-release firmware update. Users must also install the new GoPro Webcam desktop utility to use their camera as a webcam. The GoPro Webcam desktop utility is currently available for Mac OS users with support for Windows is in development. “GoPro is bringing... Read More
Hohem debuts iSteady Pro 3, action camera gimbal stabilizer for GoPro 8 New Products 

Hohem debuts iSteady Pro 3, action camera gimbal stabilizer for GoPro 8

Hohem released a third-generation action-camera gimbal iSteady Pro 3, designed specifically for action cameras. The $89 iSteady Pro 3 is designed for most action cameras in the market, such as GoPro Hero 8/7/6/5/4/3, DJI OSMO Action, Insta360 one R, SONY RX0, YI cam, Xiaomi Mijia, SJCAM and other action cameras with similar size and weight, the company said. The device... Read More
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