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Article Date: May 2022
Word Count: 229

GoPro Posts Q1 Profit, as Subscriptions Grow


The bottom line swung to a positive $5,685,000 in the first quarter from last year’s loss of $10,168,000 on revenues that were up 6% to $216,705,000 from $203,680,000. GoPro.com revenue, including subscriptions, grew 8% to $89 million, making up 41% of total sales. Within that, subscription and service revenues totaled $19 million, up 73%, with subscriber count growing 85% to 1.74 million members over the prior year period. For wholesale buyers, the conversion rate to GoPro subscriptions tallied 39% for the quarter compared to 18% in Q1 ’21. Wholesale sales hit $128 million, up 5%. Americas sales fell 4% to ... Log in to view full article.

 


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