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Sep 30, 2022

GoPro Q3 2022 Earnings Report

GoPro's Q3 2022 results were announced with revenue at the high-end of guidance and solid GAAP and non-GAAP earnings.

Key Takeaways

GoPro's Q3 2022 revenue reached $305 million, a 4% decrease year-over-year, but a 2% increase on a constant currency basis. GAAP EPS was $0.10 and non-GAAP EPS was $0.19. The subscriber base grew to 2.1 million, a 55% increase year-over-year.

Revenue was $305 million, down 4% year-over-year but up 2% on a constant currency basis.

GoPro.com revenue increased 4% year-over-year to $99 million, representing 32% of total revenue.

Subscription and service revenue increased 48% year-over-year to $21 million.

GoPro subscriber count increased 55% year-over-year to 2.1 million.

Total Revenue
$305M
Previous year: $317M
-3.6%
EPS
$0.19
Previous year: $0.34
-44.1%
Gross Profit
$116M
Previous year: $138M
-15.9%
Cash and Equivalents
$217M
Previous year: $296M
-26.7%
Free Cash Flow
$38.8M
Previous year: $64.8M
-40.1%
Total Assets
$1.09B
Previous year: $1.12B
-2.1%

GoPro

GoPro

Forward Guidance

GoPro did not provide specific forward guidance in this report.