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Sep 30, 2025
GoPro Q3 2025 Earnings Report
GoPro reported weaker Q3 2025 results with significant revenue decline year over year and continued losses despite stable margins and improved operating cash flow.
Key Takeaways
GoPro generated $163 million in Q3 2025 revenue while reporting a GAAP net loss of $21 million as hardware demand remained weak. Camera sell-through declined and subscription revenue slightly decreased, though the company maintained stable gross margins and positive operating cash flow.
Revenue declined 37% year-over-year to $163M.
Sell-through reached approximately 500000 camera units, down 18% year-over-year.
Subscription and service revenue totaled $27000000 with 2420000 subscribers.
Adjusted EBITDA was negative $8000000 as profitability remained pressured.
Revenue by Segment
Forward Guidance
GoPro expects a return to revenue growth and profitability beginning in Q4 2025 driven by new hardware launches and improved operational efficiency.
Positive Outlook
- Q4 2025 revenue guidance around 220000000.
- Strategy focused on expanding product categories beyond core cameras.
- Operating expenses reduced significantly compared to prior year.
- Positive operating cash flow achieved for the second consecutive quarter.
- Upcoming GP3 processor and new hardware expected to expand the addressable market.
Challenges Ahead
- Revenue declined sharply year-over-year due to weaker hardware demand.
- Camera sell-through dropped 18% compared to the prior year quarter.
- Subscriber count declined year-over-year.
- Adjusted EBITDA remained negative during the quarter.
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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