earnings
confidence high
sentiment negative
materiality 0.75
GoPro Q2 revenue $186M (9% above guidance) but net loss widens to $48M; subscribers up 4% to 2.53M
GoPro, Inc.
2024-Q2 EPS reported
-$2.55
revenue$341,693,000
- Revenue of $186M, down 23% YoY but above guidance; GAAP net loss of $48M (-$0.31 per share) vs loss of $17M a year ago.
- Non-GAAP net loss of $36M (-$0.24 per share); Adjusted EBITDA negative $33M vs negative $10M in prior year.
- Subscription and service revenue rose 8% to $26M; subscriber count grew 4% to 2.53M; cash flat at $133M.
- Launching HERO13 Black and new $199 HERO camera in September; partnership with SoftBank SB C&S for Japan distribution.
- Retail channel revenue $137M (74% of total), down 17% YoY; GoPro.com revenue $49M, down 35% YoY.