All GoPro articles
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ArticleGoPro counts on some wins despite Q4 and FY losses
GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY23 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the reported ...
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News briefsGoPro acquires Australian motorcycle helmet company
GoPro has an agreement in place to acquire Forcite Helmet Systems, a New South Wales, Australia-based maker of tech-enabled motorcycle helmets that was co-founded by Julian Chow and CEO Alfred Boyadgis. Financial terms of the pending transaction were not disclosed. More details about the pending transaction, expected to close before ...
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ArticleGoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results
Action camera maker GoPro said it did not expect Christmas sales to be hit by supply-chain constraints as it reported better-than-expected third-quarter results. The company posted a net profit of $311.8 million, up from $3.3 million a year ago. Revenue grew 13 percent to $317 million against GoPro’s own estimates ...
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News briefs
Amazon and GoPro file lawsuit against counterfeiters of camera accessories
Amazon and GoPro on Aug. 9 issued a jointly filed lawsuit against seven individuals and two companies for counterfeiting popular GoPro camera accessories, including “The Handler” floating grip and “3-Way” grip, extension arm and tripod mount. The defendants attempted to offer the counterfeit products on the Amazon store in violation ...
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ArticleGoPro posts 86% revenue growth in Q2
GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...
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News briefsGoPro allows third-party developers to integrate Hero9 Black into their solutions
GoPro has just announced a new open API for third-party developers/apps called Open GoPro that will allow them to integrate with their cameras, starting with the GoPro Hero9 . The API (Application Programming Interface) enables a range of functions via wireless interfaces, including control as well as media ...
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ArticleGoPro revenue up 71 percent thanks to subscriptions and high-end cameras
In the wake of the company’s shift to direct sales and an added focus on subscriptions, GoPro Inc. reported a reduced loss of $10 million in the first quarter ended March 31 (compared to a loss of $64m one year ago), while revenue rose 71 percent to $204m. Adjusted ...
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Article
Outdoor companies’ stocks up by 18.9% in Q1
The average stock market value of 31 selected public companies in the outdoor sector saw a sequential improvement of 18.9 percent between the fourth quarter of 2020 and the first quarter of 2021, buoyed by the strong performance of stock markets across the globe, fueled by recovery hopes. This reflects ...
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ArticleGoPro Q4 revenue misses estimates, but subscriber numbers soar
GoPro posted weaker-than-expected fourth-quarter revenue as Covid infections and tighter restrictions hit Christmas sales. Still, it remained upbeat over plans to become a subscription-based direct-to-consumer (DTC) operation. The action camera maker reported revenues of $358 million in the three months to Dec. 31, down 32 percent from a ...
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ArticleOutdoor industry stocks among the winners of 2020
While the outdoor industry had a very difficult start of the year in 2020, when the pandemic forced Europe and America to adopt strict lockdowns, it bounced back significantly in the summer when restrictions were lifted, as people looked to escape crowds in the outdoors. The combined market capitalization of ...
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ArticleGoPro's DTC approach drives profits
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro ’s net income ...
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News briefsLatest GoPro camera causes record subscription numbers, confirms DTC push
GoPro Inc. announced that the high demand for its latest camera, the Hero9 Black , has pushed the number of paying GoPro subscribers past the 500,000 milestone. With the vast majority of consumers purchasing the new camera through the company’s website along with an annual paid GoPro subscription, which ...
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News briefs
Norway's Beach Mountain and Response Nordic join forces
Spex Holding is acquiring all the shares of two Norwegian wholesale distribution companies, Beach Mountain and Response Nordic . As reported by the Norwegian Sports Industry Association , Invest42 , until now the sole owner of Beach Mountain, is becoming a co-owner of Spex. Both Beach Mountain and Response ...
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ArticleGoPro widens losses
Sales for the U.S. action camera brand tumbled by 54.1 percent in the second quarter to $134.2 million, while the gross margin contracted by 4.6 percentage points to 30.3 percent. Adjusted Ebitda was negative $22 million, compared to $14 million in the same period a year ago. The company’s ...
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News briefsGoPro launches lifestyle gear and clothing line
GoPro has launched a new line of lifestyle gear that is available worldwide exclusively on GoPro.com . The all-new lifestyle gear lineup melds GoPro’s signature design and versatility across a functional line of bags, backpacks and cases, clothing and other goods, such as floating sunglasses and water bottles. First ...
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News briefsGoPro‘s Hero8 Black now works as an HD webcam
GoPro announced that its flagship Hero8 Black camera now functions as a 1080p high-definition, wide-angle webcam. Users can update their Hero8 Black with a beta-release of the new firmware and install the new GoPro Webcam desktop utility to use their camera as a webcam. The GoPro Webcam desktop ...
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News briefs
Substantial shareholder urges GoPro to consider a sale
According to SGB Online, Korr Acquisitions Group Inc., a New York-based investment advisor and significant shareholder of GoPro Inc., has sent an open letter to Nicholas D. Woodman, chairman, chief executive officer and founder of GoPro, and Kenneth Goldman, the company’s senior independent director, requesting that the company considers a ...
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News briefs
GoPro’s VP of design steps down
According to Bloomberg , GoPro ’s vice president of design, Danny Coster , departed “earlier this year” after four years with the company. As reported earlier , GoPro had a turnover of $119 million in its first quarter of this year, down from $243 million in the year-ago period. ...
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News briefsGoPro’s newest product is not a camera
Source: © GoPro GoPro Zeus Mini The latest product from GoPro is not an action camera, but a magnetic, waterproof multi-purpose light, the Zeus Mini . The rechargeable light features a robust magnetic swiveling clip and is compatible with the full range of GoPro ...
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News briefsGoPro's sales drop by more than half
In line with its previous warning, GoPro reported a turnover of $119 million in the first quarter, more than half the $243 million level of the year-ago period. The transition to a more efficient and profitale direct-to-consumer model reduced operating expenses mitigating the decline in the gross margin, which ...
