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 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.
GoPro, Inc. (NASDAQ: GPRO) announced its financial results for Q2 2022 will be released on August 4, 2022, after market close. The conference call to discuss these results will occur at 2:00 p.m. PT and will be accessible via a live webcast. Investors can find the webcast link and further details on the Company's Investor Relations website. A replay will be available until October 27, 2022.
GoPro celebrates its 20th anniversary in 2022, focusing on capturing and sharing immersive experiences.
GoPro, Inc. (GPRO) reported Q1 2022 revenue of $217 million, a 6% increase year-over-year. GAAP earnings per share (EPS) reached $0.04, while non-GAAP EPS was $0.09. Subscriber growth surged 85% to 1.74 million, contributing to a 73% rise in subscription and service revenue to $19 million. Cash and investments climbed 52% to $450 million. GoPro emphasized its ongoing transition to a direct-to-consumer model, with new product launches expected to drive further growth.
GoPro, based in San Mateo, California, announced its participation in two upcoming investor conferences. The Needham 17th Annual Technology & Media Conference is scheduled for May 16, 2022, at 3:00 PM Eastern Time, while the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference will take place on May 24, 2022, at 9:30 AM Eastern Time. Live webcasts and replays will be available on GoPro's website. Celebrating its 20th anniversary in 2022, GoPro continues to innovate in capturing and sharing immersive content.
GoPro, Inc. (NASDAQ: GPRO) will disclose its first quarter financial results for the period ending March 31, 2022, post-market on May 5, 2022. The company's management will provide insights through a conference call at 2:00 p.m. PT (5:00 p.m. ET) the same day. Interested parties can access the call via a designated number or through a live webcast available on the GoPro Investor Relations site. A replay of the session will also be accessible from approximately two hours after the call until July 28, 2022.
GoPro has launched the HERO10 Black Bones, the lightest GoPro yet, weighing just 54 grams. Designed for FPV (First Person View) drone cinematographers, it offers the same image quality as the HERO10 Black, featuring the high-performance GP2 processor and HyperSmooth 4.0 stabilization technology. Priced at $399.99 with a one-year subscription or $499.99 without, the camera captures 5K and 4K video at impressive frame rates. Available immediately, the launch follows the recent introduction of the HERO10 Black Creator Edition.
GoPro, Inc. (NASDAQ: GPRO) has launched the GoPro Player + ReelSteady desktop application, priced at $99.99. This powerful tool enhances content creation for filmmakers with professional-level features like ReelSteady stabilization, lens correction, and batch export. The new application allows users to produce smooth, high-quality footage with real-time playback. Current ReelSteady GO users can upgrade for free. Available for both Mac and Windows, this application underscores GoPro's commitment to supporting creative professionals.