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, Inc. (NASDAQ: GPRO) has launched the GoPro Player + ReelSteady desktop application, priced at $99.99. This powerful tool enhances content creation for filmmakers with professional-level features like ReelSteady stabilization, lens correction, and batch export. The new application allows users to produce smooth, high-quality footage with real-time playback. Current ReelSteady GO users can upgrade for free. Available for both Mac and Windows, this application underscores GoPro's commitment to supporting creative professionals.
GoPro, Inc. (NASDAQ: GPRO) celebrates five years of engineering operations in Bucharest, Romania, announcing permanent remote work options for employees. This initiative enhances its hybrid work model and promotes the Romanian hub as a vital research and development center. The company is actively hiring for various roles, supporting a culture that encourages flexibility and innovation. GoPro was recently recognized in Outside Magazine's Best Places to Work list. This move aims to attract talent across Romania, reflecting GoPro's commitment to adapting to modern work preferences.
GoPro has launched the HERO10 Black Creator Edition, designed for professional video recording. It features Emmy Award-winning HyperSmooth 4.0 stabilization, 5.3K video, and a new battery grip called Volta, which allows over 4 hours of recording. Priced at $581.96 for subscribers and $784.95 MSRP, this edition combines multiple GoPro products into one package. The Volta grip enhances usability with integrated controls and can be used as a remote. This innovative camera aims to simplify vlogging and filmmaking experiences.
GoPro, Inc. (NASDAQ: GPRO) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, at 1:15 PM PT (4:15 PM ET). A live webcast of the event will be accessible for replay on GoPro's website.
Celebrating its 20th anniversary in 2022, GoPro continues to innovate in helping people capture and share immersive experiences.
For further details, visit the Events & Presentations section of GoPro's investor website.
GoPro, Inc. reported Q4 2021 revenue of $391 million, a 9% increase year-over-year, driven by strong direct-to-consumer sales and subscriptions. Full-year revenue reached $1.16 billion, up 30% compared to 2020. Subscription revenue surged 131%, totaling $52.9 million. The company reached a record cash balance of $539 million and achieved a GAAP net income of $371 million for the year. Gross margins improved significantly, with GAAP metrics at 41.2%. GoPro also announced a stock repurchase program of up to $100 million. Overall, the company demonstrated robust growth and profitability amidst a challenging market.
GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for Q4 and the year ended December 31, 2021, after market close on February 3, 2022. A conference call will follow at 2:00 PM PT to discuss results, and details will be available on their Investor Relations website. A replay will be accessible for two hours post-call until April 28, 2022. GoPro is dedicated to helping the world capture and share immersive experiences.
GoPro (GPRO) has released its fourth annual Million Dollar Challenge video featuring 70 user-generated clips captured on the HERO10 Black camera. A total of 61 creators were awarded an equal share of $1 million, with each receiving $16,393.44. The challenge received almost 28,000 submissions from 131 countries, showcasing the camera's features, including 5.3K resolution and HyperSmooth 4.0 stabilization. The submission period lasted from Sept. 16 to Dec. 2, highlighting global engagement and the quality of content created with GoPro's latest technology.
GoPro (NASDAQ: GPRO) announced a downloadable camera update for its HERO10 Black camera on December 15, 2021. The update enables new features including support for the Max Lens Mod super-wide angle accessory, in-camera SuperView digital lens at 5.3K60 video resolution, and 24 frames per second video across various resolutions. Users can update their cameras via the Quik app. These enhancements aim to provide HERO10 Black owners with greater creative freedom and improved video capabilities.
GoPro (NASDAQ: GPRO) announces the launch of its new Enduro battery, enhancing HERO10 and HERO9 camera performance in cold temperatures and extending recording times across various conditions. Priced at $24.99, with a 20% discount for GoPro subscribers, the Enduro battery offers significant improvements in video recording times, particularly in cold weather and moderate temperatures. This new product is targeted at winter sports enthusiasts and will be available online and in select stores starting early 2022. Special holiday pricing for HERO cameras and accessories is also available at GoPro.com.
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