The earnings call highlighted strong subscription service performance and successful cost reduction strategies that provide some optimism for future profitability. However, significant challenges remain, including declining unit sales, operating losses, and delays in new product launches, which cast a negative shadow over immediate prospects.
Company Guidance
During the GoPro, Inc. fourth quarter 2024 earnings call, the company provided guidance indicating that they expect revenue in 2025 to be lower than in 2024 due to macroeconomic headwinds, competition, and the delay of their new Max 2 360 camera. Despite these challenges, they anticipate improving gross margins by more than 100 basis points over 2024, driven by product cost efficiencies and supply chain diversification. Operating expenses are projected to decrease nearly 30% from 2024, ranging between $250 million to $260 million. Subscription and service revenue is expected to be approximately $105 million in 2025, with a subscriber count of around 2.4 million. The company aims to maintain a cash position of approximately $50 million by the end of the year, sufficient to fund their plans and repay convertible debt. In the first quarter of 2025, GoPro anticipates revenue of $125 million, a gross margin of 35%, and operating expenses around $63 million. They project a non-GAAP loss per share of $0.15 and expect to reduce channel inventory by 60,000 units sequentially. The company is focused on launching new products and preserving cash to restore growth and profitability by 2026.
Record Subscription Retention and ARPU Growth
Subscription and service revenue grew 9% year over year, with ARPU improving 8% year over year. Aggregate subscription retention in Q4 was 69%, up from 67% both sequentially and year over year.
Successful Cost Reduction Initiatives
Operating expenses are expected to be reduced by nearly 30% from 2024, reflecting significant cost-saving measures including lower spending on wages due to reduced headcount and other operational efficiencies.
Expansion in 360-Degree Camera Market
Introduction of a new 360-degree editing experience in the Quick app and the planned launch of Max 2 360 camera later in 2025, positioning GoPro, Inc. as a leader in this growing market.
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GoPro (GPRO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPRO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 06, 2025
$1.08
$0.90
-16.67%
Nov 07, 2024
$1.45
$1.57
+8.28%
Aug 06, 2024
$1.32
$1.16
-12.12%
May 07, 2024
$1.84
$1.70
-7.61%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GoPro Inc (GPRO) report earnings?
GoPro Inc (GPRO) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is GoPro Inc (GPRO) earnings time?
GoPro Inc (GPRO) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.