GoPro reports Q3 EPS 0c, consensus (4c)

Reports Q3 revenue $259M, consensus $255M. “In Q3, revenue of $259 million exceeded the midpoint of our guidance, and our subscriber base grew 2% to 2.56M. Subscription and service revenue grew 11% year-over-year as ARPU grew 9% primarily related to long-term subscribers continuing to renew as well as growth in our Premium+ subscription ,” said Brian McGee, GoPro’s (GPRO) CFO and COO. “While 2024 has been a challenging year for GoPro, the consumer digital imaging market is growing, and we believe our product roadmap will enable us to grow with it. And we believe our reduced operating expenses in 2025 to approximately $250 million will position us to pursue this growth opportunity as a profitable company,” said Nicholas Woodman, GoPro’s founder and CEO.