GoPro Q4 2020 Earnings Report
Key Takeaways
GoPro's Q4 2020 results showed a revenue of $358 million, GAAP EPS of $0.28, and non-GAAP EPS of $0.39. The company ended the year with 761,000 subscribers, a 145% year-over-year increase, and generated $108 million in cash flow from operations during the quarter.
Revenue for Q4 2020 was $358 million, a 28% sequential improvement from Q3 2020.
Ended 2020 with 761,000 GoPro subscribers, up 52% sequentially and 145% year-over-year.
GoPro.com generated a record $116 million in revenue in Q4, up 43% sequentially and 91% year-over-year.
Q4 2020 GAAP EPS was $0.28 and non-GAAP EPS was $0.39.
GoPro
GoPro
Forward Guidance
GoPro's shift to a subscription-centric, consumer-direct model is expected to result in a simpler, more profitable business with better cash generation. The company anticipates continued gains in 2021 with its subscription-based consumer-direct strategy.