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Mar 31, 2022
GoPro Q1 2022 Earnings Report
Reported revenue increased by 6% year-over-year, with GAAP EPS of $0.04 and non-GAAP EPS of $0.09.
Key Takeaways
GoPro announced its Q1 2022 financial results, with revenue up 6% year-over-year to $217 million. The company reported GAAP EPS of $0.04 and non-GAAP EPS of $0.09. GoPro Subscribers increased 85% year-over-year to 1.74 million, and Cash & Investments increased 52% year-over-year to $450 million.
Revenue was $217 million, up 6% year-over-year.
GoPro.com revenue, including subscription revenue, increased 8% year-over-year to $89 million, or 41% of total revenue.
Subscription and service revenues totaled $19 million, up 73% year-over-year.
GAAP net income was $6 million, or $0.04 per share.
GoPro
GoPro
Forward Guidance
GoPro expects to continue its TAM-expanding trend with several additional products slated for launch later this year.