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Dec 31, 2023
GoPro Q4 2023 Earnings Report
Announced fourth quarter and 2023 results, with revenue of $295 million, down 8% year-over-year.
Key Takeaways
GoPro's Q4 2023 saw a revenue decline of 8% year-over-year, but subscription and service revenue increased by 13%. The company faced a GAAP net loss, contrasting with the previous year's net income. Despite these challenges, GoPro focused on capital allocation, repurchasing convertible notes and stock.
Revenue was $295 million, down 8% year-over-year.
Subscription and service revenue increased 13% year-over-year to $25 million.
GAAP net loss was $2 million, or a $0.02 loss per share.
Cameras with MSRP at or above $400 represented 74% of Q4 2023 camera revenue.
Revenue by Segment
Forward Guidance
GoPro's management commentary includes forward-looking guidance, but the specifics are not detailed in this press release.
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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