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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.
Forward Guidance
GoPro did not provide specific forward guidance in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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