GoPro Q3 revenue $259M down 12% YoY; GAAP EPS loss $0.05; restructuring plan to cut costs

GoPro, Inc.

2024-Q3 EPS reported -$2.59 revenue$600,591,000

Revenue $259M, down 12% YoY; GAAP net loss $8M ($0.05 loss per share) vs loss $4M ($0.02) prior year.
Non-GAAP net loss $0.5M (breakeven per share) vs net income $9M ($0.06) prior year; adjusted EBITDA $5M.
Subscribers 2.56M (+2% YoY); subscription & service revenue $27.5M (+11% YoY) with ARPU up 9%.
Gross margin improved to 35.5% GAAP (up 350 bps); cash $130M.
Announced updated restructuring plan in Q4 2024 to substantially reduce operating expenses for 2025 profitability.

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