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Article Date: November 2020
Word Count: 201

GoPro Returns to Black Ink in Q3 on Big DTC Gains


The bottom line swung to a profit of $3,307,000 in the third quarter against last year’s loss of $74,810,000 on a 114% top line improvement to $280,507,000 from $131,169,000, lapping 2019’s dismal results from delayed deliveries of HERO8 cameras. Sales improved across channels and geographies on the launch of the HERO9 Black camera and bundled GoPro subscription services. DTC hit $81.3 million, up 247% from $23.4 million, including subscription sales, where subscribers increased 35% sequentially to 501,000. Wholesale posted 85% gains to $199.2 million up from $107.8 million on HERO8 Black and HERO9 Black demand. Americas bounced back 161% to ... Log in to view full article.

 


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