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 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.
On July 9, 2020, GoPro announced that its HERO8 Black camera can now be used as a 1080p HD webcam through a beta firmware update and a desktop utility. This new feature allows users to enhance their video conferencing experience with wide-angle views. Currently, the GoPro Webcam desktop utility supports Mac OS, with Windows support under development. Compatible platforms include Zoom, Microsoft Teams, and more, making it simple for educators, fitness instructors, and other users to present wide perspectives during their sessions.