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Dec 31, 2025
GoPro Q4 2025 Earnings Report
GoPro Q4 2025 Earnings Report: Revenue remained flat year-over-year while net loss narrowed significantly due to reduced operating expenses.
Key Takeaways
GoPro reported Q4 revenue of $202 million, which was flat year-over-year. Despite a 19% decline in camera unit sell-through and a decrease in subscriber count, the company significantly narrowed its GAAP net loss to $9 million from $37 million in the prior year. This improvement was driven by a 33% reduction in quarterly operating expenses. Looking forward, the company is betting on its new GP3 AI-enabled processor launching in Q2 2026.
Q4 Revenue was flat at $202 million, while GAAP net loss improved by 75% year-over-year to $9 million.
Operating expenses were reduced by $36.4 million (33%) in Q4 compared to the prior year period.
GoPro subscriber count ended the year at 2.36 million, a 7% decrease from the previous year.
Management announced the next-generation GP3 AI-enabled processor will power new cameras starting in Q2 2026.
Revenue by Segment
Forward Guidance
GoPro is focused on the Q2 2026 launch of its GP3 AI-enabled processor to drive premium camera sales and expand its total addressable market.
Positive Outlook
- Launch of next-generation GP3 AI-enabled processor in Q2 2026
- GP3 enables category-leading image quality and processing performance
- Expected expansion of Total Addressable Market (TAM)
- Improved attach rates, retention rates, and higher ARPU in subscriptions
- Significant reduction in operating expenses achieved in 2025
Challenges Ahead
- Absorbed $20 million in tariff expenses in 2025
- Subscriber count declined 7% year-over-year
- Camera sell-through units declined 19% year-over-year in Q4
- Economic uncertainty and inflation affecting consumer discretionary spending
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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