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GoPro Inc (GPRO)
NASDAQ:GPRO
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
$0.02Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -24.83%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
While there are positive developments such as exceeding revenue guidance, growing subscription revenue, and launching new products, the call highlighted significant challenges including macroeconomic headwinds, delays in product launches, and intense competition. The reduced financial outlook for 2025 further underscores the difficulties faced.Company Guidance
During the GoPro Third Quarter 2024 Earnings Call, the company reported a revenue of $259 million, surpassing guidance, with subscription and service revenue increasing by 11% year-over-year to $27.5 million. The average revenue per user (ARPU) rose by 9%, and overall subscribers grew by 2% to 2.56 million. The company achieved a breakeven on a non-GAAP basis in earnings per share (EPS) and recorded an EBITDA of $5 million, marking a $39 million sequential improvement. Looking ahead, GoPro plans to significantly reduce operating expenses to approximately $250 million in 2025, down by $110 million from 2024. The gross margin for the second half of 2024 is expected to be 36%, with a projected improvement to 35-36% in 2025. Additionally, GoPro aims to launch new products, including a delayed 360-degree camera, to counter macroeconomic challenges and competition. Despite these challenges, the company remains optimistic about leveraging its expanded retail footprint of over 25,000 doors to drive future growth and innovation.Exceeded Revenue Guidance
GoPro reported revenue of $259 million in Q3, exceeding guidance.
Growth in Subscription and Service Revenue
Subscription and service revenue grew 11% year-over-year to $27.5 million, driven by a 9% ARPU growth and a 2% increase in overall subscribers.
Launch of New Products
Introduced the HERO13 Black with new lens mods and a new entry-level camera priced at $199, designed for better profit margins.
Global Retail Expansion
Expanded retail presence to over 25,000 doors globally, including 500 Sam's Clubs in the U.S.
Positive EBITDA
Achieved a positive EBITDA of $5 million, marking a $39 million sequential improvement.
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GPRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.45 | $1.57 | +8.28% |
| Aug 06, 2024 | $1.32 | $1.16 | -12.12% |
| May 07, 2024 | $1.84 | $1.70 | -7.61% |
| Feb 07, 2024 | $2.90 | $2.58 | -11.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GoPro Inc (GPRO) report earnings?
GoPro Inc (GPRO) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is GoPro Inc (GPRO) earnings time?
GoPro Inc (GPRO) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPRO EPS forecast?
GPRO EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
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