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. (NASDAQ: GPRO) has authorized an additional $40 million for repurchasing its Class A common stock. This follows a previous authorization of $100 million in 2022, out of which $40 million was repurchased. As of February 9, 2023, there remains $100 million available for repurchase, with $5 million repurchased in 2023. CFO Brian McGee emphasized the company's focus on sound cash management, leading to profitability and EBITDA growth, enabling capital return to shareholders. The repurchase program will be funded through operational cash and has no set expiration date.
GoPro, Inc. announced its 2022 financial results, reporting a total revenue of $1.09 billion, down 6% year-over-year. The company achieved a GAAP EPS of $0.18 and a non-GAAP EPS of $0.47. Direct-to-Consumer revenue grew 5% to $411 million, while subscription and service revenue surged 52% to $82 million. GoPro increased its subscriber base by 43% year-over-year, reaching 2.25 million. However, Q4 revenue was $321 million, down 18% year-over-year. The company reported a GAAP net income of $3 million, a significant drop from $52 million in Q4 2021.
GoPro (NASDAQ: GPRO) has launched its fifth annual Million Dollar Challenge, inviting users of the HERO11 Black and HERO11 Black Mini cameras to submit unique video footage. Participants have a chance to be featured in a highlight reel and share in a total prize pool of $1 million. Submissions via the GoPro Quik App are now open and will close on April 2, 2023. A live Q&A session with GoPro editors is scheduled for February 9, 2023 to provide tips for optimal submissions. The highlight reel premiere will occur later in April, revealing the selected entries and cash award recipients.
GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for the fourth quarter and the full year ended December 31, 2022, after market close on February 2, 2023. A conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. Investors can access the webcast and management commentary on GoPro's Investor Relations website. Following the call, a replay will be available until April 27, 2023.
GoPro has partnered with Roundtable Entertainment and Cinedigm to launch the GoPro Channel in Spring 2023. This new channel will showcase an extensive library of sports and lifestyle content, featuring original programming and user-generated content. With over 3 billion views and 10 million YouTube subscribers, GoPro is set to enhance its reach through this FAST channel across various platforms. The collaboration aims to provide viewers with captivating sports and adventure programming while creating new advertising opportunities for brands.
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.
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