GoPro Q4 2021 Earnings Report
Key Takeaways
GoPro's Q4 2021 results showed a 9% year-over-year revenue increase, reaching $391 million. The company's strategic shift towards a direct-to-consumer, subscription-centric model contributed to revenue, margin, and profitability growth, resulting in a record year-end cash balance of $539 million.
Revenue was $391 million, up 9% year-over-year.
GoPro.com revenue, including subscription revenue, increased 10% year-over-year to $128 million, representing 33% of total revenue.
GAAP net income was $53 million, or $0.32 per share, up from $44 million, or $0.28 per share in the prior year period.
Q4 2021 Street ASP was $379, up 17% year-over-year.
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Forward Guidance
GoPro's press release does not contain information on forward guidance. Therefore, this section will remain empty.