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Article Date: February 2024
Word Count: 348

GoPro Sees Red Ink in Final Quarter


The bottom line swung to a loss $2,418,000 loss compared to $3,073,000 in profit on revenue that was down 8% to $295,420,000 from $321,021,000 in Q4. The Retail channel (wholesale) saw sales up 18% to $228.0 million for the quarter as the channel’s push which began in May continues to play out. Meanwhile, quarterly DTC sales at GoPro.com were down 47% to $67.4 million. Within DTC, hardware sales dropped 60% to $42.3 million while subscription and service revenue increased 13% to $25.1 million. Subscriber count was up 12% in the quarter, ... Log in to view full article.

 


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