GoPro Q2 revenue $241M beats guidance but GAAP net loss $17M; subscriber count rises 27% YoY

GoPro, Inc.

2023-Q2 EPS reported -$0.30 revenue$415,740,000

Revenue $241M, 10% above guidance but down 4% YoY; GAAP net loss $17M ($0.11 loss per share) vs net income $3M a year ago.
Subscribers grew 27% YoY to 2.44M; subscription & service revenue $24M, up 21% YoY.
GAAP gross margin 31.4% vs 38.3% YoY, hit by $11M price protection charges and stronger entry-level camera mix.
Adjusted EBITDA -$10M vs +$17M a year ago; repurchased $15M of stock in Q2.
Retail channel revenue up 6% YoY; GoPro.com revenue down 21% YoY to $76M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GoPro, Inc. reported its second quarter ended June 30, 2023 results: revenue $241 million, net income GAAP net loss was $17 million, or negative $0.11 per share, EPS negative $0.11 per share.

Period: its second quarter ended June 30, 2023
Revenue: $241 million
Net income: GAAP net loss was $17 million, or negative $0.11 per share
EPS: negative $0.11 per share
Result: reported results

Exact text from the filing

Act”), except as may be expressly set forth by specific reference in such filing or document. --- EX-99.1 (EX-99.1) --- GoPro Announces Second Quarter 2023 Results Revenue of $241 million was 10% Above Guidance GoPro Subscribers Grew 27% Year-over-Year to 2.44 million, Exceeding Expectations Subscription and Service Revenue was $24 million or 10% of Revenue, up

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Source: SEC EDGAR

accession 0001500435-23-000066

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