secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001500435-24-000128
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q2 revenue $186M (9% above guidance) but net loss widens to $48M; subscribers up 4% to 2.53M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043524000128/0001500435-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043524000128/gpro-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001500435-24-000128

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