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Article Date: August 2023
Word Count: 137

GoPro Swings to Q2 Loss on Strategy Shift


The action camera maker’s price cuts and pivot back towards wholesale took their toll in Q2, sending the bottom line $17,212,000 into the red compared to a $2,519,000 profit last year, on 4% lower revenues of $241,020,000 against $250,685,000. Retail channel (wholesale) sales increased 6% to $165 million, while DTC e-commerce sales through GoPro.com were down 21% overall to $76 ... Log in to view full article.

 


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