GoPro Reports Q1 2025 Financial Results and Strategic Developments

GoPro Inc ( (GPRO) ) has released its Q1 earnings. Here is a breakdown of the information GoPro Inc presented to its investors.

GoPro Inc., a prominent player in the consumer electronics sector, is renowned for its innovative action cameras and related accessories, which allow users to capture immersive and high-quality footage in various environments.

In its latest earnings report for the first quarter of 2025, GoPro announced a revenue of $134 million, which aligns with the high-end of its guidance. The company also reported a 4% year-over-year increase in subscription and service revenue, reaching $27 million, despite a 14% decline in overall revenue compared to the previous year.

Key financial metrics revealed a decrease in camera unit sell-through by 18% year-over-year, while the subscription average revenue per user (ARPU) improved by 5%, contributing to the growth in subscription revenue. The company reported a GAAP net loss of $47 million, a significant improvement from the $339 million loss in the prior year, partly due to a valuation allowance adjustment in 2024. GoPro’s gross margin slightly decreased to 32.1% from 34.1% the previous year.

Despite the challenges, GoPro has been actively working on product enhancements and launches, including upgrades to its HERO camera and the introduction of new features in its Quik App. The company also released a Limited Edition Polar White colorway for its HERO13 Black camera and an Anamorphic Lens Mod, aiming to enhance user experience and broaden its market appeal.

Looking ahead, GoPro’s management remains optimistic about returning to growth in revenue and profitability, driven by new product launches and strategic efforts to reduce operating expenses and diversify its supply chain. The company is positioning itself to navigate the evolving market landscape throughout 2025 and beyond.