Financial PerformanceInitial Q4:24 guidance is for revenue of $190 - 210 million, sell-through of 775,000, street ASP of $330, gross margin of 36 – 37%, and non-GAAP EPS of $(0.13) – (0.09), which came in well below Street expectations.
Growth And ProfitabilityDecelerating subscription growth significantly reduces GoPro’s ability to expand margins.
Product Launch And CompetitionGoPro made some missteps with product launch timing, extending releases as it innovated new product features.