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.
GoPro, Inc. (NASDAQ: GPRO) announced that CFO Brian McGee will present at the Nasdaq 47th Investor Conference in London on December 7, 2022, at 6:00 am ET / 11:00 am GMT. The live event will be webcast and available for replay on GoPro's investor website. Established in 2002, GoPro continues to innovate in capturing and sharing immersive content. The company celebrates its 20th anniversary in 2022, highlighting its commitment to creative solutions for consumers.
GoPro, Inc. (NASDAQ: GPRO) has been recognized by Outside Magazine as one of the 50 Best Places to Work for the second consecutive year, marking its unique position as the only company with over 200 employees on the list. This accolade highlights GoPro's commitment to employee wellness, promoting a remote-first and hybrid work environment. Key benefits contributing to this recognition include an unlimited time-off policy and expanded family-forming support. GoPro's dedication to diversity, equity, inclusion, and belonging also played a significant role in this achievement.
GoPro has launched the HERO11 Black Mini, a compact and lightweight camera designed for athletes and innovators. Available now on GoPro.com, it features a new 8:7 sensor, 5.3K video capability, and HyperSmooth 5.0 technology for steady footage. The HERO11 Black Mini retails at $299.98 for subscribers and $399.99 MSRP, with broader retail availability on the way. GoPro also introduced new lifestyle gear, including floating sunglasses and a high-performance Enduro battery.
GoPro reported a strong Q3 2022, with revenue of $305 million, exceeding consensus by 3%. The company achieved a 55% increase in subscribers year-over-year, reaching 2.1 million. GAAP EPS was $0.10, while non-GAAP EPS stood at $0.19. Subscription revenue surged 48% to $21 million, driving expectations for over $100 million in annual recurring revenue. However, gross margins declined significantly, with GAAP at 38.0% compared to 43.6% last year. Cash net of debt rose to $205 million, nearly doubling from the prior year.
GoPro, Inc. (NASDAQ: GPRO) has postponed the release of the HERO11 Black Mini, now set for November 18, 2022, with pre-orders available on GoPro.com. This delay, originally scheduled for October 25, allows the company to refine the product further. CEO Nicholas Woodman expressed enthusiasm for the Mini's capabilities. Meanwhile, the HERO11 Black and HERO11 Black Creator Edition remain available for purchase globally.
GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for Q3 2022 after market close on November 3, 2022. A conference call and live webcast will follow at 2:00 p.m. PT to discuss the results. Investors can access the webcast link and management commentary on the investor relations section of GoPro's website. A replay will be available from approximately two hours after the call until February 1, 2023. GoPro, celebrating its 20th anniversary, focuses on helping users capture and share immersive experiences.
GoPro announced the launch of three new HERO11 Black cameras on September 14, 2022, featuring significant advancements such as a larger sensor, 10-bit color video capabilities, and HyperSmooth 5.0 stabilization. The models include HERO11 Black, HERO11 Black Creator Edition, and HERO11 Black Mini, catering to various user needs. Subscribers now benefit from automatic cloud backup and highlight videos sent to their phones. The HERO11 Black is priced at $399.98 for subscribers, with global availability starting immediately. These cameras enhance video quality and user experience significantly.
GoPro, Inc. (NASDAQ: GPRO) announced a significant milestone, surpassing two million subscribers for its subscription service, which contributes approximately $100 million in annual recurring revenue. This service, known for its high margins and profitability, offers features like unlimited cloud storage, auto-upload functionality, and exclusive discounts. CEO Nicholas Woodman and CFO Brian McGee highlighted ongoing subscriber growth, driven by the introduction of new features and benefits that enhance customer value.
GoPro, Inc. (NASDAQ: GPRO) will have its CEO Nicholas Woodman and CFO Brian McGee present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022, at 2:05 PM Eastern Time. Investors can access a live webcast and replay on the Company's website in the 'Events & Presentations' section. Celebrating its 20th anniversary this year, GoPro continues to innovate in capturing and sharing immersive experiences.
GoPro, Inc. (GPRO) reported Q2 2022 financial results, showing significant growth in subscriptions, which increased by 65% year-over-year to 1.91 million. Revenue was $251 million, up slightly from $250 million in Q2 2021. However, GAAP net income fell to $3 million or $0.02 per share, a decline from $17 million or $0.10 per share a year ago. Additionally, gross margin decreased to 38.3%, down from 39.8% last year. Despite these challenges, the company anticipates strong hardware and software launches in the second half of 2022.