secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001500435-23-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000066/0001500435-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000066/gpro-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001500435-23-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer