Product Launch TimingGoPro made some missteps with product launch timing, extending releases as it innovated new product features.
Revenue And ProfitabilityInitial 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.
Subscription GrowthDecelerating subscription growth significantly reduces GoPro’s ability to expand margins.