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GoPro, Inc. (NASDAQ: GPRO), headquartered in San Mateo, California, is a leading manufacturer of action cameras, camera accessories, mounts, and drones. The company is globally recognized for revolutionizing the way people capture and share their lives. Founded to enable athletes to self-document their sports activities, GoPro has grown to serve a wide array of consumers, from extreme sport enthusiasts to everyday users.
GoPro's primary product line includes its flagship HERO series of action cameras, which are known for their durability and high-quality video capture. The company also offers an array of mounts and accessories to enhance the functionality of its cameras. In recent years, GoPro has expanded its product offerings to include the Quik app—a user-friendly video editing software designed to help users create professional-quality videos effortlessly.
In terms of manufacturing, GoPro outsources a significant portion of its production to third-party manufacturers in China. The company's sales strategy is diverse, with products available through direct sales channels, which account for more than half of the total revenue, as well as through a broad network of retail partners and distributors across the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.
GoPro continues to innovate with new subscription tiers such as GoPro Premium and Premium+, providing users with advanced features like unlimited cloud storage, auto-editing tools, and enhanced video stabilization. The recent launch of the Quik desktop app for macOS, soon to be available on Windows, exemplifies GoPro's commitment to offering versatile and powerful content creation tools for both beginners and advanced users.
Financially, GoPro has demonstrated resilience and growth. The company's Q1 2024 results showed significant revenue increases and high subscriber retention rates. GoPro also engages in strategic repurchase of convertible notes and stocks to enhance shareholder value.
In addition to its core business, GoPro engages in various strategic partnerships and initiatives. For instance, the company launched the GoPro PADI Distinctive Specialty Course in collaboration with the Professional Association of Diving Instructors to train scuba divers in using GoPro cameras for capturing underwater adventures. Furthermore, the annual GoPro Mountain Games in Vail, Colorado, highlights GoPro's involvement in promoting outdoor sports and lifestyle.
GoPro's dynamic approach extends to its support for young athletes through initiatives like the Grom Quest Challenge, a video submission contest aimed at discovering and nurturing young talent in action sports. This reinforces the company's mission to empower people to capture and share their passions.
GoPro has been recognized as a top employer by Outside Magazine and US News & World Report, affirming its standing as an attractive workplace. For more information, visit GoPro.com and connect with GoPro on social media platforms including Facebook, Instagram, LinkedIn, TikTok, X (formerly Twitter), YouTube, and GoPro's blog, The Current.
GoPro (NASDAQ: GPRO) announced a comprehensive update to its 360 product lineup, featuring a refreshed MAX 360 camera at $349.99 MSRP. The camera now includes a MAX Enduro Battery and upgraded mounting system compatible with standard ¼-20 tripod mounts.
The company also unveiled a revamped 360 mobile editing experience in its Quik App, introducing new features including AI-Powered Object Tracking, Keyframing, CameraFx for dynamic movements, Automatic Transitions, Single Clip Edits, and a new Frame Grab Tool. GoPro Premium and Premium+ subscribers receive unlimited cloud storage with cloud-based 360 footage editing capabilities.
Additionally, GoPro launched a new Reframe plugin for Adobe Premier Pro and After Effects, enabling desktop editors to adjust various parameters for both 360 and 2D media.
GoPro (NASDAQ: GPRO) has announced a new distribution partnership with Kimpex Powersports in Canada, expanding its reach to over 2,300 dealers across the country. The agreement allows Kimpex to distribute GoPro's full range of cameras and accessories through its extensive powersports sales network.
The partnership covers various retail outlets, including on-road and off-road powersports, ATV/UTV, marine, and snowmobile specialty shops. Kimpex will provide select dealers with new GoPro product displays and offer training and support for end customers. This collaboration aims to enhance product availability and brand presence across Canada's powersports dealer network.
GoPro (NASDAQ: GPRO) has released its financial results for Q4 and full-year 2024. The company reported annual revenue of $801 million and fourth quarter revenue of $201 million. A notable highlight was the company's Subscription and Service Revenue, which reached $107 million, representing a 10% increase year-over-year.
GoPro (NASDAQ: GPRO) announced that its diversified supply chain strategy effectively minimizes the impact of U.S. tariffs on its operations. The company has proactively relocated its U.S.-bound camera production outside of China, resulting in no material effects on U.S. consumer pricing or gross margins from recent tariff announcements.
CFO and COO Brian McGee emphasized the company's ongoing efforts to optimize its supply chain for improved product delivery at lower costs. The company also announced it will release its Q4 and full-year 2024 financial results on February 6, 2025, followed by a conference call and webcast at 2:00 p.m. Pacific Time.
GoPro (NASDAQ: GPRO) has announced significant updates to its HERO camera, enhancing its capabilities with new 4K 4:3 aspect ratio video settings and SuperView Digital Lens options. The 86-gram camera, priced at $179 ( time offer from $199 MSRP), now offers wider and more immersive video capture.
The new 4:3 aspect ratio utilizes the sensor's full dimensions, ideal for first-person perspectives, selfie shots, and social media sharing on platforms like Instagram, TikTok, and Facebook. The SuperView Digital Lens feature, previously available only in higher-priced models, is now offered as a free in-app option, allowing users to convert 4:3 video into 16:9 format with an enhanced wide-angle effect.
The HERO camera has received recognition from major reviewers, including The New York Times Wirecutter, which named it "The best budget-friendly action camera." The updates are available through the GoPro Quik app on iOS and Android or via GoPro.com.
GoPro (NASDAQ: GPRO) has announced exclusive partnerships with MotoGP and MXGP (FIM Motocross World Championship) to provide helmet-mounted camera coverage of races. The partnership will utilize HERO13 Black and HERO12 cameras to capture POV content from riders' perspectives.
As part of the agreement, GoPro will become a title sponsor of a Grand Prix in 2025. The collaboration includes integrated event activations, custom content with athletes and teams, and exclusive behind-the-scenes experiences across GoPro's digital platforms. The content will be featured across social media channels and broadcasts throughout the racing season.
MotoGP will specifically feature high-resolution helmet-mounted lap previews of each track, while MXGP will capture entire races from start to finish using the mounted cameras.
GoPro (NASDAQ: GPRO) has announced it will release its Q4 and full-year 2024 financial results after market close on Thursday, February 6, 2025. The company will host a conference call and live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the results.
Investors can access the live conference call by dialing +1 833-470-1428 (US) or +1 404-975-4839 (International) with access code 687084. A webcast link and management commentary will be available on GoPro's Investor Relations website before the call. The replay will be accessible until May 7, 2025.
GoPro (NASDAQ: GPRO) has partnered with Teton Gravity Research (TGR) for their 29th annual ski and snowboard film, 'Beyond the Fantasy'. The film features GoPro athletes Sammy Carlson, Nick McNutt, Kai Jones, and Parkin Costain, showcasing extreme snow sports captured using the HERO12 Black camera. The collaboration highlights the camera's wide field-of-view and advanced video stabilization capabilities, essential for capturing immersive POV footage. The film is currently showing in theaters worldwide, demonstrating the possibilities in modern skiing and snowboarding while showcasing GoPro's filming capabilities.
GoPro announced its Q3 2024 financial results, reporting revenue of $259 million. The company's subscriber base grew by 2% year-over-year to 2.56 million, contributing to a subscription and service revenue of $27.5 million, an 11% increase year-over-year.
Additionally, GoPro revealed an updated restructuring plan aimed at substantially reducing operating expenses.
GoPro (NASDAQ: GPRO) has announced the release date for its third quarter 2024 financial results. The company will disclose its earnings after market close on Thursday, November 7, 2024, followed by a conference call and live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.
Investors and interested parties can access the webcast through the 'Events & Presentations' section of GoPro's Investor Relations website. For those preferring to listen via phone, dial-in numbers are provided. A webcast link and management commentary will be available prior to the call. The earnings call replay will be accessible until January 15, 2025.
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