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Dec 31, 2024
GoPro Q4 2024 Earnings Report
GoPro reported a decrease in revenue and net loss for the fourth quarter of 2024, with subscription and service revenue showing growth.
Key Takeaways
GoPro announced its financial results for the fourth quarter and full year ended December 31, 2024. The company reported a Q4 revenue of $201 million, a 32% decrease year-over-year, and a GAAP net loss of $37 million. Despite the overall decline, subscription and service revenue increased by 9% year-over-year.
Fourth quarter 2024 revenue was $201 million, a 32% decrease year-over-year.
GAAP net loss for Q4 2024 was $37 million, or $(0.24) per share.
Subscription and service revenue increased 9% year-over-year to $27 million in Q4 2024.
GoPro's total revenue for the full year 2024 was $801 million, down 20% year-over-year.
GoPro
GoPro
GoPro Revenue by Segment
Revenue by Segment
Retail Channel Revenue
CapyFin.comGoPro.com Revenue
CapyFin.com Forward Guidance
GoPro aims to return to growth and profitability in 2026 by reducing operating expenses, refining its product roadmap, and improving supply chain efficiencies.
Positive Outlook
- Plan to reduce operating expenses for 2025 by nearly 30%.
- Refining roadmap to pursue improved product diversification.
- Continued focus to streamline business yielding reduced product costs.
- Improved operational efficiencies.
- Continued diversification of supply chain outside of China.
Challenges Ahead
- Inability to achieve revenue growth or profitability in the future.
- Economic downturn or uncertainty in key U.S. and international markets, inflation, and currency fluctuations may adversely affect consumer spending.
- Failure to manage operating expenses effectively.
- Reliance on third-party suppliers, some of which are sole-source, leading to potential supply shortages or increased costs.
- Risks related to inventory, purchase commitments, and long-lived assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income