GoPro reports Q3 EPS (9c), one estimate (4c)

Reports Q3 revenue $163M, down 37% year-over-year. The company said, “Q3 marked a meaningful step forward in our strategy to diversify, grow and restore profitability to GoPro’s (GPRO) business. We successfully launched three new TAM-expanding hardware products-our MAX2 360 camera, LIT HERO camera and Fluid Pro AI gimbal-alongside several new software offerings. We expect to return to revenue growth and profitability beginning Q4 2025 and in 2026. We delivered encouraging results in Q3, with revenue of $163 million and gross margin of 35.2%, in-line with our guidance ranges. We generated $12 million in cash flow from operations-our second consecutive quarter of positive cash flow from operations and a $14 million improvement year-over-year. Additionally, sell-through exceeded our expectations by 5% and channel inventory declined 30% from a year ago and has reduced for four consecutive quarters.”