---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-23-000077"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:45:31.472471+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GoPro Q3 revenue $294M (-4% YoY); GAAP net loss $4M vs year-ago profit

## Summary
- GAAP net loss of $4M (-$0.02 EPS); non-GAAP net income of $6M ($0.04 EPS) vs $32M ($0.19) a year ago.
- Revenue $294M, down 4% YoY but 5% above midpoint of guidance; gross margin fell to 32.0% from 38.0%.
- Subscribers rose 20% YoY to 2.5M; subscription & service revenue grew 16% to $25M.
- Adjusted EBITDA of $7M plummeted from $35M in prior-year quarter; GoPro bought back $10M in stock in Q3.
- Entry-level cameras surged to 19% of camera revenue; camera ASP fell 17% to $319.

## SEC filing metadata
- accession: 0001500435-23-000077
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2023-11-07T23:59:59+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/1500435/000150043523000077/0001500435-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000077/gpro-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-23-000077
- JSON: https://secwatch.observer/filing/0001500435-23-000077.json
- Plain text: https://secwatch.observer/filing/0001500435-23-000077.txt

## Key facts
- Earnings Releases
  GoPro, Inc. reported third quarter ended September 30, 2023 results: revenue $294 million, net income GAAP net loss was $4 million, or negative $0.02 per share, EPS negative $0.02 per share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $294 million
  - Net income: GAAP net loss was $4 million, or negative $0.02 per share
  - EPS: negative $0.02 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 Third Quarter 2023 Results Revenue of $294 million, 5% Above Mid-Point of Guidance GoPro Subscribers Grew 20% Year-over-Year to 2.5 million Subscription and Service Revenue was $25 million or 9% of Revenue, up 16% Year-over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043523000077/0001500435-23-000077-index.htm

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