Welcome to our dedicated page for GoPro news (Ticker: GPRO), a resource for investors and traders seeking the latest updates and insights on GoPro stock.
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 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.
GoPro (NASDAQ: GPRO) has announced its return as the exclusive action camera for the 2024 Red Bull Rampage, the premier big-mountain freeride mountain bike event in Virgin, Utah. For the first time, the event will feature a women's competition on October 10th, followed by the men's competition on October 12th. All riders, including four GoPro athletes, will use the HERO13 Black with Ultra Wide Lens to capture immersive POV footage.
GoPro athletes Vero Sandler and Casey Brown will compete in the historic women's event, while Reed Boggs and Brendan Fairclough will participate in the men's competition. The new Ultra Wide Lens expands the field of view to 177°, offering fans an unprecedented perspective of the action. The events will be broadcast on ESPN+, Red Bull TV, and Red Bull Bike's YouTube channel, with highlight shows airing on ESPN2 on October 27th.
GoPro (NASDAQ: GPRO) has launched its new $199 'HERO' camera, now available globally in retail stores and online. This compact 4K camera weighs only 86 grams and is designed for simplicity and affordability. Key features include:
- Waterproof up to 16ft (5m)
- 4K video and 12MP photos
- 2x slo-mo at 2.7K resolution
- Intuitive touch display and one-button control
- HyperSmooth video stabilization
- Long-lasting Enduro battery
The HERO camera is 35% smaller in volume and 46% lighter than the HERO13 Black model. It's aimed at travelers, creators, families, and adventure seekers looking for a durable, versatile, and affordable GoPro experience.
GoPro (NASDAQ: GPRO) has unveiled two new cameras: the $399 HERO13 Black and the $199 HERO. The HERO13 Black features magnetic latch mounting, GPS, extended power capabilities, and four swappable HB-Series Lens options. It offers 5.3K 60fps video, HyperSmooth stabilization, and a redesigned 10% larger capacity Enduro battery. The new HERO is the smallest ever HERO with a screen, weighing 86 grams and offering 4K resolution with a simplified interface. Both cameras are compatible with the Quik app, which provides features like automatic highlight videos and cloud backup for GoPro subscribers. The HERO13 Black is available for preorder now, shipping September 10, while the HERO will be available from September 22.
GoPro (NASDAQ: GPRO) has announced that its top executives will be presenting at the Oppenheimer 27th Annual Technology, Internet & Communications Conference. The presentation is scheduled for Monday, August 12, 2024, at 11:35am Eastern Time.
Key points:
- Presenters: Nicholas Woodman (Founder and CEO) and Brian McGee (CFO and COO)
- Event: Oppenheimer Technology, Internet and Communications Conference
- Date and Time: August 12, 2024, at 11:35am ET
- A live webcast will be available on GoPro's investor relations website
- The presentation will also be accessible for replay after the event
This event provides an opportunity for investors and analysts to gain insights into GoPro's current operations and future strategies directly from its leadership team.
GoPro (NASDAQ: GPRO) announced its Q2 financial results for the period ending June 30, 2024. The company reported revenue of $186 million, exceeding guidance by 9%. Subscribers grew 4% year-over-year, reaching 2.53 million. Subscription and service revenue increased by 8% year-over-year to $26 million.
GoPro (NASDAQ: GPRO) has partnered with Universal Pictures, Warner Bros. Pictures, and Amblin Entertainment for their upcoming film Twisters, set to release in U.S. theaters on July 19. GoPro's durable cameras were instrumental in capturing intense action scenes, withstanding extreme weather conditions to bring viewers into the heart of roaring tornadoes.
The film crew utilized up to 20 GoPro cameras simultaneously in some of the most intense scenes, mounting them on vehicles, weather instruments, and even having actors use them on-set. This collaboration showcases GoPro's technological capabilities and its ability to push the boundaries of action cinematography.
Frank Zambetti, the behind-the-scenes camera operator, praised GoPro's evolving technology, highlighting its versatility and high-speed shooting capabilities for amazing slow-motion footage.
GoPro (NASDAQ: GPRO) has announced its upcoming second quarter 2024 earnings release and conference call. The financial results for the quarter ending June 30, 2024, will be disclosed after market close on August 6, 2024. Following this, GoPro's management will host 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 analysts can access the call by dialing +1 833-470-1428 (US) or +1 404-975-4839 (International) with the access code 368178. A webcast link and management commentary will be available on GoPro's Investor Relations website prior to the call. For those unable to attend live, a replay will be accessible on the investor page until November 4, 2024.
GoPro (NASDAQ: GPRO) announced a new distribution partnership with SoftBank Group's SB C&S in Japan. This agreement will enable SB C&S to sell GoPro cameras and accessories through its extensive retail network, which includes SoftBank stores and major consumer electronics retailers Yodobashi and Yamada. Customers in Japan will have improved access to GoPro's full range of products. Dean Jahnke, GoPro's Senior VP of Global Sales and Channel Marketing, highlighted the expansion of GoPro's retail presence and brand exposure in Japan. The partnership also includes new product displays and training for retailers to enhance the shopping experience for end customers.
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