GoPro Boosted by Subscriptions Towards 30% H2 Growth
GoPro is confident in supply chain outlook going into the Holiday season, the company told an investor audience at the Citi 2021 Global Technology Virtual Conference. While component supply still poses a challenge, finished supply for both wholesale and DTC channels should meet projected revenue growth of nearly 30% for H2. GPRO also reported strong metrics for its shift to DTC and a subscriber model, including attach rates of about 90% for those purchasing new cameras from the DTC channel. Subscriptions hit 211% y-o-y growth for Q2, aiding a 13% CAGR for DTC ASP since Q2 ’19. The model has ... Log in to view full article.