---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-23-000047"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:55:43.853144+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GoPro Q1 2023: Revenue $175M (-19% YoY), GAAP EPS -$0.19, subs up 36%

## Summary
- Revenue $175M, 6% above guidance midpoint, but down 19% YoY from $217M.
- GAAP net loss $30M (-$0.19 diluted EPS) vs net income $6M ($0.04) YoY.
- Subscribers 2.36M (+36% YoY); subscription & service revenue $23M (+24% YoY).
- GAAP gross margin 30.0% (down from 41.8% YoY) due to $24M price protection charges.
- Implementing pre-pandemic pricing to drive growth; $5M stock buyback in Q1.

## SEC filing metadata
- accession: 0001500435-23-000047
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000047/0001500435-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000047/gpro-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-23-000047
- JSON: https://secwatch.observer/filing/0001500435-23-000047.json
- Plain text: https://secwatch.observer/filing/0001500435-23-000047.txt

## Key facts
- Earnings Releases
  GoPro, Inc. reported first quarter ended March 31, 2023 results: revenue $175 million, net income $30 million, EPS negative $0.19 per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $175 million
  - Net income: $30 million
  - EPS: negative $0.19 per share
  - Result: reported results
  source text: Q1 2023 Financial Results • Revenue was $175 million, down 19% year-over-year and ahead of the midpoint of our prior Q1 guidance. • GoPro subscriber count ended Q1 at approximately 2.36 million, up 36% year-over-year. • GoPro.com revenue, including subscription and service revenue, was up 7% year-over-year at $95 million, or 54% of total revenue. Revenue from the retail channel was $80 million, down 38% year-over-year. • Subscription and service revenue increased 24% year-over-year to $23 million. • Attach rate via our app from cameras purchased at retail was approximately 50% in the quarter, up from 39% a year ago, a 23% improvement. • GAAP net loss was $30 million, or negative $0.19 per share, down from net income of $6 million or $0.04 per share in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000047/0001500435-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.