---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-23-000066"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:57:29.876508+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001500435-23-000066
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000066/0001500435-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000066/gpro-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-23-000066
- JSON: https://secwatch.observer/filing/0001500435-23-000066.json
- Plain text: https://secwatch.observer/filing/0001500435-23-000066.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000066/0001500435-23-000066-index.htm

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