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Jun 30, 2023
GoPro Q2 2023 Earnings Report
Announced second quarter 2023 results, with revenue exceeding guidance and subscriber growth surpassing expectations.
Key Takeaways
GoPro's Q2 2023 revenue was $241 million, exceeding guidance by 10% but down 4% year-over-year. The company saw subscriber growth of 27% year-over-year, reaching 2.44 million subscribers. However, GAAP net loss was $17 million, a decrease from the previous year's net income of $3 million.
Revenue reached $241 million, exceeding guidance by 10% but down 4% year-over-year.
GoPro subscriber count grew 27% year-over-year to approximately 2.44 million.
Retail channel revenue increased 6% year-over-year to $165 million, while GoPro.com revenue decreased 21% year-over-year to $76 million.
GAAP net loss was $17 million, down from a net income of $3 million in the prior year period.
Revenue by Segment
Forward Guidance
Details on GoPro’s Q2 performance and outlook for Q3 and the rest of the year can be found in the management commentary posted in the investor relations section of their website.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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