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Dec 31, 2022
GoPro Q4 2022 Earnings Report
Announced financial results for the fourth quarter and year ended December 31, 2022.
Key Takeaways
GoPro's Q4 2022 revenue was $321 million, a decrease of 18% year-over-year, but in line with guidance. GAAP net income was $3 million, or $0.02 per share, while non-GAAP net income was $21 million, or $0.12 per share.
Revenue was $321 million, down 18% year-over-year and in-line with guidance.
GoPro.com revenue, including subscription and service revenue, was flat year-over-year at $128 million, or 40% of total revenue.
Subscription and service revenue increased 30% year-over-year to $22 million.
Cameras with retail prices at or above $400 represented 90% of Q4 2022 camera revenue.
GoPro
GoPro
GoPro Revenue by Segment
Forward Guidance
GoPro plans to continue to execute on its stock repurchase plan in 2023.