GoPro Q4 revenue $295M (-8% YoY); full-year net loss $53M; subscribers up 12% to 2.5M

GoPro, Inc.

2023-FY EPS reported -$0.35 revenue$1,005,459,000

Q4 GAAP net loss $2M ($0.02 loss per share); Non-GAAP net income $2M ($0.02 EPS).
Full year 2023 revenue $1.0B (-8% YoY); GAAP net loss $53M ($0.35 loss per share).
Subscription and service revenue $97M (+18% YoY); subscriber base 2.5M (+12% YoY).
Q4 gross margin GAAP 34.2% (up 170bps YoY); full year GAAP gross margin 32.2% (down 500bps YoY).
Repurchased $50M aggregate principal of 2025 Convertible Notes and $40M stock in 2023.

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 fourth quarter and full year ended December 31, 2023 results: revenue $295 million, net income GAAP net loss was $2 million, or a $0.02 loss per share, EPS $0.02 loss per share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $295 million
Net income: GAAP net loss was $2 million, or a $0.02 loss per share
EPS: $0.02 loss per share
Result: reported results

Exact text from the filing

see the management commentary referenced above and posted in the investor relations section of our website at https://investor.gopro.com. Q4 2023 Financial Results • Revenue was $295 million, down 8% year-over-year. • Subscription and service revenue increased 13% year-over-year to $25 million. • GoPro subscriber count ended Q4 at 2.5 million, up 12% year-over-year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GoPro, Inc. reported full year ended December 31, 2023 results: revenue $1.0 billion, net income GAAP net loss was $53 million, or a $0.35 loss per share, EPS $0.35 loss per share.

Period: full year ended December 31, 2023
Revenue: $1.0 billion
Net income: GAAP net loss was $53 million, or a $0.35 loss per share
EPS: $0.35 loss per share
Result: reported results

Exact text from the filing

oPro Announces Fourth Quarter and 2023 Results 2023 Revenue of $1.0 billion 3 million Camera Units Sold, up 6% Year-over-Year GoPro Subscribers Grew 12% Year-over-Year to 2.5 million Subscription and Service Revenue was $97 million, up 18% Year-over-Year SAN MATEO, Calif., February 7, 2024 - GoPro, Inc.

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Source: SEC EDGAR

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