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Article Date: August 2024
Word Count: 138

GoPro Loss Widens as Sales Slump


Net loss nearly tripled to $47,821,000 from $17,212,000 on a 23% drop in revenue to $186,224,000 from $241,020,000 for the second quarter, coming in ahead of guidance as the ongoing channel and price point realignments head towards Sep.’s new product rollouts. The retail (wholesale) channel posted $137.1 million in sales, down 17%. DTC sales at GoPro.com declined 35% to $49.1 ... Log in to view full article.

 


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