GoPro Q3 revenue $305M (-4% YoY); GAAP EPS $0.10, non-GAAP EPS $0.19; subscribers 2.1M (+55%)

GoPro, Inc.

2022-Q3 EPS reported $0.16 revenue$772,520,000

Revenue $305M, down 4% YoY on dollar basis but up 2% in constant currency; subscription revenue $21M (+48%).
GAAP net income $18M ($0.10/diluted share); non-GAAP net income $32M ($0.19/diluted share).
Subscribers grew 55% YoY to 2.1M; annual recurring subscription revenue expected to exceed $100M moving forward.
GAAP gross margin 38.0% vs 43.6% YoY; adjusted EBITDA $35M (12% of revenue) down from $60M (19%).
Cash net of debt nearly doubled to $205M from $110M in Q3 2021; Street ASP rose 1% to $383.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GoPro, Inc. reported third quarter ended September 30, 2022 results: revenue $305 million, net income $0.10 per share, EPS $0.10.

Period: third quarter ended September 30, 2022
Revenue: $305 million
Net income: $0.10 per share
EPS: $0.10
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- GoPro Announces Third Quarter 2022 Results GoPro Subscribers Grew 55% year-over-year to 2.1 million GAAP EPS of $0.10 and non-GAAP EPS of $0.19 Revenue of $305 Million 3% Above Consensus SAN MATEO, Calif., November 3, 2022 - GoPro, Inc. (NASDAQ: GPRO) today announced financial results for its third quarter ended September 30, 2022, and posted

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Source: SEC EDGAR

accession 0001500435-22-000055

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