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 (NASDAQ: GPRO), the pioneer in action camera technology, empowers users worldwide to capture immersive experiences through rugged, innovative devices. This dedicated news hub provides investors and enthusiasts with timely updates on corporate developments, product innovations, and financial milestones.
Access official press releases, earnings reports, and strategic announcements in one centralized location. Stay informed about new product launches, partnerships, financial performance, and market initiatives that shape GoPro's position in the consumer electronics industry. Our curated collection serves as an essential resource for tracking the company's progress in advancing digital imaging solutions.
Bookmark this page for streamlined access to verified information about GoPro's technological advancements, community-driven initiatives, and corporate updates. Check back regularly to maintain current awareness of developments impacting this innovative leader in adventure-focused content creation.
GoPro, Inc. (GPRO) announced the launch of its Max Lens Mod, now available for the HERO9 Black camera. This accessory enhances performance with features like unbreakable Max HyperSmooth stabilization, ultra-wide 155° Max SuperView, and horizon lock for perfect video alignment. Retailing at $99, it's offered at a 30% discount for GoPro subscribers. The Max Lens Mod is gaining popularity among users for its impressive stabilization and image quality, making it easier for creators to focus on their content without worrying about camera angles.
GoPro, Inc. (NASDAQ: GPRO) announced its financial results for Q3 2020 will be revealed on November 5, 2020, after market close. A conference call for analysts and investors is scheduled for the same day at 2 PM PT (5 PM ET) to discuss the results. The management commentary will be available on its Investor Relations site prior to the call. The webcast will be recorded and accessible afterward. For more details, visit GoPro's official website.
GoPro, Inc. (NASDAQ: GPRO) announced that demand for its HERO9 Black camera has boosted paid subscriber numbers past 500,000. The company expects to exceed its target of 600,000 to 700,000 subscribers by year-end. Sales on GoPro.com surged 230% compared to the same period in 2019, driven by strong demand for both the HERO9 Black and the GoPro subscription service. The subscription, available for $49.99 annually, provides various benefits including unlimited cloud storage. This shift toward direct-to-consumer sales is anticipated to enhance profitability.
GoPro, Inc. (NASDAQ:GPRO) has launched the HERO9 Black camera, featuring a new sensor for 5K video and 20MP photos. Enhanced features include next-gen HyperSmooth 3.0 stabilization, a larger display, and improved battery life (30% more than HERO8). Priced at $449.99, subscribers can get it for $349.98 with a one-year subscription. Additionally, the company has rebranded its subscription service to GoPro. Notably, the HERO9 packaging is now plastic-free and comes with a travel case. GoPro also introduced the Max Lens Mod, enhancing creative capabilities. The camera is available globally now.
GoPro has introduced a high-quality live streaming service for GoPro Plus subscribers, enabling them to stream from their GoPro cameras directly to GoPro.com. This service is compatible with HERO8 Black, HERO7 Black, and MAX cameras. Additionally, GoPro released new firmware for HERO8 Black, enhancing video stability with HyperSmooth 2.0 and providing official webcam support for macOS, with Windows support in beta. The subscription to GoPro Plus is available for $4.99 monthly or $49.99 annually, offering benefits like unlimited cloud storage and camera replacement.
GoPro (NASDAQ: GPRO) will present at the Citi 2020 Virtual Global Technology Conference on September 9, 2020, at 6:05 pm Eastern Time. The presentation will be available for live webcast and replay on the company’s website.
This event highlights GoPro's commitment to sharing innovative content and engaging with its audience in exciting ways. For additional details, visit the GoPro website.
GoPro (NASDAQ: GPRO) will present at the BMO 2020 Virtual Technology Summit on August 25, 2020, at 3:30 PM ET (12:30 PM PT). The event will be webcast live, with replays available on GoPro's website under the 'Events & Presentations' section. Established to enhance immersive experiences, GoPro invites audience engagement in their offerings. Interested parties can access the live stream at investor.gopro.com.
GoPro reported Q2 2020 revenue of $134 million, a 12% increase from Q1 2020, but a significant decline of 54.1% year-over-year. The GAAP gross margin decreased to 30.3% compared to 34.9% in Q2 2019, resulting in a net loss of $51 million or $0.34 per share. Operating expenses fell to their lowest levels since 2014, totaling $86 million. Despite challenges, the direct-to-consumer model showed promise, with camera sell-through of nearly 750,000 and a record 44% of revenue from GoPro.com, highlighting consumer demand amidst the pandemic.
GoPro, Inc. (NASDAQ: GPRO) has launched a new line of lifestyle gear, available exclusively on GoPro.com. This range includes bags starting at $19.99, clothing from $24.99, and accessories like floating sunglasses at $29.99. GoPro's founder, Nicholas Woodman, emphasizes the brand's commitment to supporting active lifestyles. Additionally, GoPro PLUS subscribers can enjoy a 30% discount on these products. The company is also hosting a virtual charitable event called #GoProLiveIt from July 31 to August 2, donating $1 for each social media post tagged with the event's hashtag.
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