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Jun 30, 2021

GoPro Q2 2021 Earnings Report

GoPro's subscription-centric strategy delivered stellar results with improved margins and substantial year-over-year revenue growth.

Key Takeaways

GoPro reported strong Q2 2021 results, with revenue up 86% year-over-year to $250 million. The company achieved GAAP net income of $17 million, or $0.10 per share, and non-GAAP net income of $20 million, or $0.12 per share. GoPro.com revenue increased 48% year-over-year, and subscriber count grew significantly.

Revenue for Q2 2021 was $250 million, up 86% year-over-year.

GoPro.com revenue increased 48% year-over-year to $88 million.

GAAP net income was $17 million, or $0.10 per share.

GoPro subscribers increased 211% year-over-year to 1,160,000.

Total Revenue
$250M
Previous year: $134M
+85.9%
EPS
$0.12
Previous year: -$0.2
-160.0%
Gross Profit
$99.3M
Previous year: $40.7M
+144.0%
Cash and Equivalents
$286M
Previous year: $79.7M
+258.7%
Free Cash Flow
$22.2M
Previous year: -$45.1M
-149.3%
Total Assets
$758M
Previous year: $555M
+36.5%

GoPro

GoPro

Forward Guidance

GoPro is increasing its revenue, margin, and earnings outlook for the second half and full year 2021.