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Article Date: February 2025
Word Count: 270

GoPro Losses Mount on Plunging Revenues


Red ink gushed at the action camera maker as final quarter net loss expanded to $37,191,000 from a loss of $2,418,000 a year ago, on 32% lower revenues of $200,882,000 down from $295,420,000. Sell-through was about 775,000 cameras, down 16% year-over-year, but subscription and service revenue increased 9% to $27 million, and subscriber count ended Q4 at 2.52 million, up 1% year-over-year. Continued cost-cutting efforts are aiming to reduce operating expenses for the coming year by nearly 30%, but GPRO has a long way to go to regain top-line growth, much ... Log in to view full article.

 


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