GPRO Stock Recent News

Shares of the once-popular action camera maker have fallen 97% from all-time highs. The company's subscription growth is stagnating, and hardware margins are falling.

While the top- and bottom-line numbers for GoPro (GPRO) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Where can GoPro go?

GoPro's revenue dropped in the important holiday quarter, and it's not clear where the company goes from here. Growth in subscriptions couldn't offset the decline in hardware sales.

GoPro's sales and earnings in Q4 fell short of the market's expectations. Increased camera and subscription sales weren't enough to power overall sales growth.

GoPro Inc (NASDAQ:GPRO) shares were knocked over 13% on Thursday following news of a fourth-quarter earnings miss and a subsequent downgrade by broker Wedbush. GoPro reported on Wednesday that fourth-quarter revenue fell 8% to US$295.42 million, below consensus estimates of US$326.13 million.

GoPro (GPRO) reports higher retail and subscription revenues in the fourth quarter, whereas revenues from GoPro.com fell considerably. The company is focusing on strategic efforts to drive growth.

GoPro, Inc. (GPRO) Q4 2023 Earnings Call Transcript

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