GoPro Q4 2024 Earnings Report
Key Takeaways
GoPro reported a Q4 2024 revenue of $201 million, a 32% decrease year-over-year. The company experienced a GAAP net loss of $37 million, or $(0.24) per share, and a non-GAAP net loss of $14 million, or $(0.09) per share. Subscription and service revenue increased by 9% year-over-year to $27 million, driven by ARPU growth from improved retention rates.
Q4 revenue was $201 million, down 32% year-over-year.
Subscription and service revenue increased 9% year-over-year to $27 million.
GAAP net loss was $37 million, or a $(0.24) loss per share.
Non-GAAP net loss was $14 million, or a $(0.09) loss per share.
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GoPro Revenue by Segment
Forward Guidance
GoPro plans to reduce operating expenses for 2025 by nearly 30% and refine its roadmap to pursue improved product diversification and how efficiently they design their products to return to growth and profitability in 2026.
Positive Outlook
- Focus on streamlining business has yielded reduced product costs.
- Improved operational efficiencies.
- Continued diversification of supply chain outside of China.
- Improving gross margin.
- Plan to reduce operating expenses for 2025 by nearly 30%.
Challenges Ahead
- Inability to achieve revenue growth or profitability in the future.
- Economic downturn or economic uncertainty in key markets may affect consumer spending.
- Changes to trade agreements, trade policies, tariffs and import/export regulations may negatively affect business.
- Reliance on third-party suppliers may be impacted due to supply shortages.
- Risk of decreased sales or change in sales mix of cameras, mounts and accessories.