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Sep 30, 2020
GoPro Q3 2020 Earnings Report
Achieved GAAP and non-GAAP profitability with revenue up 109% sequentially.
Key Takeaways
GoPro achieved GAAP and non-GAAP profitability in Q3 2020, generating $100 million in operating cash flow and surpassing 500,000 subscribers. Revenue for Q3 2020 was $281 million, a 109% sequential improvement from $134 million in Q2 2020.
GoPro achieved GAAP and non-GAAP profitability in Q3 2020.
Generated $100 million of operating cash flow.
Surpassed 500,000 subscribers, up 35% sequentially and 65% year-over-year.
GoPro.com achieved a record $81 million in revenue, up 37% sequentially.
GoPro
GoPro
Forward Guidance
GoPro anticipates planned growth and increased profitability in the fourth quarter of 2020 and beyond.