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Revenue of $186 million was 9% Above Guidance GoPro Subscribers Grew 4% Year-over-Year to 2.53 million Subscription and Service Revenue was $26 million, up 8% Year-over-Year SAN MATEO, Calif., Aug. 6, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its second quarter ended June 30, 2024, and posted management commentary, including forward-looking guidance, in the investor relations section of its website at https://investor.gopro.com.
Nasdaq is one of the world's most active stock exchanges. The exchange takes pride in only allowing companies that meet its stringent requirements, including an aggregate earning of $11 million over the last three years and no net loss.
Shares of GoPro have lost more than half of their value this year, reflecting incredibly weak fundamentals. The company started to lose subscribers for the first time in Q1, a trend which is likely to continue playing out into Q2 (due soon in early August). At the same time, revenue and camera shipments are also declining by double digits.
The action camera products and services specialist announced a new distribution deal in Asia. Its new partnership is with an arm of top regional tech conglomerate SoftBank.
Twisters arrives in U.S. theaters July 19 SAN MATEO, Calif. , July 17, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) takes viewers inside the action for Universal Pictures, Warner Bros.
SAN MATEO, Calif. , July 16, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the second quarter ended June 30, 2024, after the market closes on Tuesday, August 6, 2024.
SAN MATEO, Calif. , July 9, 2024 /PRNewswire/ -- Today, GoPro, Inc. (NASDAQ: GPRO) announced a new distribution partnership with SoftBank Group's SB C&S Corporation in Japan to sell GoPro products through one of the largest sales networks in the region.
GoPro makes cameras intended to be used for rough-and-tumble endeavors. The company introduced a subscription offering and is now expanding its product line to appeal to more customers.
SAN MATEO, Calif. , June 12, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced that it has surpassed 50 million cameras sold since the launch of its ground-breaking HD HERO camera back in 2009.
GoPro (GPRO) reported earnings 30 days ago. What's next for the stock?