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) regularly issues news and press releases that highlight its role in photographic equipment manufacturing, content creation, and subscription services. This news feed focuses on developments that show how GoPro helps the world capture and share itself in immersive and exciting ways, from new camera launches to AI‑driven software and cloud initiatives.
Recent announcements describe GoPro’s expanding hardware lineup, including the MAX2 360 camera with True 8K video resolution, the LIT HERO ultra‑compact lifestyle camera, and the Fluid Pro AI multi‑camera gimbal designed for GoPro cameras, smartphones, and compact point‑and‑shoot cameras. GoPro also publishes updates on its 360‑specific accessories, such as MAX2 lens kits, extension poles, mounts, power solutions, and protective gear that support immersive capture in demanding environments.
GoPro’s news also covers software and cloud enhancements, including new 360 editing tools in the Quik mobile app, advanced features in the GoPro Player desktop app, and plugins like GoPro ReFrame for DaVinci Resolve. The company reports on AI‑related initiatives such as AI‑powered subject tracking, 360 footage classification, and its AI Training program, which allows subscribers to license cloud‑stored video content for third‑party AI model training.
Investors and creators will find updates on financial results, credit and warrant agreements, and direct equity investments disclosed through earnings releases and 8‑K filings. GoPro also shares recognition such as Technology & Engineering Emmy Awards for its 360 technology and inclusion in Newsweek’s World’s Most Trustworthy Companies list. Bookmark this page for an organized view of GoPro’s product announcements, financial disclosures, partnerships, and creator‑focused programs.
GoPro, Inc. (NASDAQ: GPRO) will present at the Wells Fargo 2020 Virtual TMT Summit on December 1, 2020. The presentation is scheduled for 5:20 pm ET (2:20 pm PT) and will be available for live webcast and replay on the company's website. GoPro is known for enabling users to capture and share immersive content. For more details, visit investor.gopro.com.
GoPro, Inc. (GPRO) announced the pricing of $125 million in 1.25% convertible senior notes due 2025, increasing from the previously announced $100 million. The notes will be sold privately, with a closing date expected on November 24, 2020. Initial conversion will allow holders to acquire shares at approximately $9.33 each, a 35% premium to the closing price of $6.91. The company anticipates net proceeds of $120.7 million, which will be used for a cash note repurchase and general corporate purposes, including potential acquisitions.
GoPro, Inc. (NASDAQ: GPRO) announced a proposed offering of $100 million in convertible senior notes due 2025. The offering will be made to qualified institutional buyers and includes a $15 million option for initial purchasers. The notes will be unsecured, with semiannual interest payments, and may be converted into GoPro's Class A common stock. Proceeds will fund capped call transactions and general corporate purposes, including potential acquisitions. Forward-looking statements involve risks, including market conditions and the ability to close the offering.
GoPro (GPRO) reported strong Q3 2020 results, achieving revenue of $281 million, up 109% from Q2 2020. The company posted GAAP net income of $3 million ($0.02 per share) and non-GAAP net income of $31 million ($0.20 per share), showcasing significant recovery from losses in Q3 2019. The HERO9 Black launch and subscription service growth added to the momentum, with over 500,000 subscribers. Gross margins improved significantly, reaching 35.4% GAAP and 36.2% non-GAAP. Operating cash flow was $100 million, and cash reserves rose to $147 million.
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.
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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.
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