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Jun 30, 2020
GoPro Q2 2020 Earnings Report
Announced second quarter 2020 results with revenue up 12% sequentially and GoPro.com percentage of revenue growing to 44%.
Key Takeaways
GoPro's Q2 2020 revenue was $134 million, a 12% sequential improvement from Q1 2020. The company's strategic shift to a more direct-to-consumer business with lower operating costs is showing positive results, with GoPro.com representing a record percentage of revenue at 44%.
Revenue for Q2 2020 was $134 million, a 12% sequential improvement from Q1 2020.
GoPro.com represented a record percentage of revenue in Q2 2020 at 44%, up from slightly below 10% of revenue in Q2 2019.
Camera sell-through of nearly 750,000 in Q2 2020.
Channel inventory reduction of 25% sequentially and 45% since Q4 2019.
Forward Guidance
GoPro anticipates continued demand and a rebound at retail, supported by a strong hardware, software, and subscription roadmap, providing confidence for the second half of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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