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. develops camera hardware, mounts, accessories, applications, subscriptions and services for immersive image capture. News about GPRO commonly centers on new camera systems such as HERO, MAX and MISSION, imaging processors such as GP3, accessory ecosystems, product availability, industry awards and use cases in sports, content creation, aerospace and other demanding environments.
Company updates also cover earnings communications, direct and partner distribution, subscriber offers, collaborations with media and sports organizations, and efforts to extend GoPro technology into specialized markets including defense and aerospace. These releases connect product design, rugged-camera performance, software and services to the company's consumer and professional imaging business.
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GoPro (NASDAQ: GPRO) has launched its fifth Million Dollar Challenge, receiving a record 42,446 video submissions from 126 countries—marking a 66% year-over-year increase. The contest exclusively featured clips from GoPro's latest HERO11 Black and HERO11 Black Mini cameras. A total of 55 creators from 21 countries were awarded $1 million, each receiving $18,181.81 for their winning submissions, highlighting the creativity of GoPro users. Over the past five years, GoPro has awarded $5 million to contest participants. The submission window ran from January 26 to April 2, culminating in a premiere announcement on April 26.
GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for the first quarter ending March 31, 2023, on May 9, 2023, after market close. A conference call and live webcast will follow at 2:00 PM PT (5:00 PM ET) to discuss these results. Investors can access the webcast on GoPro's Investor Relations website. A replay will be available for an extended period until August 1, 2023. GoPro, founded in 2002, specializes in innovative technology that allows users to capture and share immersive experiences. For updates and further information, visit the company's website.
GoPro, Inc. (NASDAQ: GPRO) announced that CFO Brian McGee will present at the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, at 9:10 am PT, located at the Palace Hotel, San Francisco, CA. A live webcast of the presentation will be available on GoPro's Events & Presentations section of their website for replay.
Founded in 2002, GoPro empowers users to capture and share immersive experiences. For more details, visit GoPro Investor Relations.
GoPro, Inc. (NASDAQ: GPRO) has authorized an additional $40 million for repurchasing its Class A common stock. This follows a previous authorization of $100 million in 2022, out of which $40 million was repurchased. As of February 9, 2023, there remains $100 million available for repurchase, with $5 million repurchased in 2023. CFO Brian McGee emphasized the company's focus on sound cash management, leading to profitability and EBITDA growth, enabling capital return to shareholders. The repurchase program will be funded through operational cash and has no set expiration date.
GoPro, Inc. announced its 2022 financial results, reporting a total revenue of $1.09 billion, down 6% year-over-year. The company achieved a GAAP EPS of $0.18 and a non-GAAP EPS of $0.47. Direct-to-Consumer revenue grew 5% to $411 million, while subscription and service revenue surged 52% to $82 million. GoPro increased its subscriber base by 43% year-over-year, reaching 2.25 million. However, Q4 revenue was $321 million, down 18% year-over-year. The company reported a GAAP net income of $3 million, a significant drop from $52 million in Q4 2021.
GoPro (NASDAQ: GPRO) has launched its fifth annual Million Dollar Challenge, inviting users of the HERO11 Black and HERO11 Black Mini cameras to submit unique video footage. Participants have a chance to be featured in a highlight reel and share in a total prize pool of $1 million. Submissions via the GoPro Quik App are now open and will close on April 2, 2023. A live Q&A session with GoPro editors is scheduled for February 9, 2023 to provide tips for optimal submissions. The highlight reel premiere will occur later in April, revealing the selected entries and cash award recipients.
GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for the fourth quarter and the full year ended December 31, 2022, after market close on February 2, 2023. A conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. Investors can access the webcast and management commentary on GoPro's Investor Relations website. Following the call, a replay will be available until April 27, 2023.
GoPro has partnered with Roundtable Entertainment and Cinedigm to launch the GoPro Channel in Spring 2023. This new channel will showcase an extensive library of sports and lifestyle content, featuring original programming and user-generated content. With over 3 billion views and 10 million YouTube subscribers, GoPro is set to enhance its reach through this FAST channel across various platforms. The collaboration aims to provide viewers with captivating sports and adventure programming while creating new advertising opportunities for brands.