NASDAQ$GPRO

GoPro Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2025

GoPro reported a revenue of $134 million for Q1 2025, down 14% year-over-year. The company's GAAP net loss was $47 million, a significant improvement from the prior year's $339 million net loss which included a large valuation allowance. Non-GAAP net loss also improved to $19 million.

  • Revenue for Q1 2025 was $134 million, a decrease of 14% compared to Q1 2024.
  • GAAP net loss was $47 million, or $(0.30) per share, a substantial improvement from the $339 million net loss in Q1 2024.
  • Non-GAAP net loss was $19 million, or $(0.12) per share, also an improvement from the $319 million non-GAAP net loss in the prior year period.
  • Adjusted EBITDA was negative $16 million, a 46% improvement year-over-year.

Headline financials

Total Revenue

$134M

Previous: $155M-13.6%
EPS (adj)

-$0.12

Previous: -$2.24+94.6%
Adjusted EBITDA

-$15.7M

Previous: -$29.3M+46.4%
GoPro Subscribers

2.5M

Previous: 2.5M-1.2%
Camera Units Sold

440.0K

No prior period
Capital Expenditures

-$1.31M

Previous: -$964K-35.4%
Net Income

-$46.7M

Previous: -$339M+86.2%
Operating Income

-$45.2M

Previous: -$41.4M-9.2%
Gross Profit

$43.1M

Previous: $53M-18.6%
R&D Expense

$28.5M

Previous: $43.6M-34.6%

Revenue & EPS history

GoPro · Revenue · Quarterly

$134M

Q1 2025-13.6%vs Q1 2024
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

GoPro · $319M total across 3 segments · Q3 2023

  • Retail Channel
    $231M
  • GoPro.com
    $63M
  • Subscription & Services
    $25M

Forward guidance

The report mentions management commentary and forward-looking guidance are available on the investor relations section of their website, but the specific details are not included in this press release.

Tailwinds

  • Commitment to reducing operating expenses.
  • Improving subscription ARPU.
  • Further diversifying the supply chain.
  • New products planned for the balance of 2025 and 2026.
  • Expectation for a return to growth in revenue and profitability.

Headwinds

  • Inability to achieve or sustain revenue growth or profitability in the future.
  • Economic downturn or uncertainty may adversely affect consumer spending.
  • Changes to trade agreements, policies, tariffs, and regulations may negatively affect the business.
  • Reliance on third-party suppliers and potential disruptions.
  • Risk that sales fall below forecasts, especially during the holiday season.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.7%

Avg return

Earnings day

-3.9%

Avg return

5 days after

-3.4%

Avg return

30 days after

40%

21 / 52 earnings

Positive

+23.5%

Q3 2020

Best reaction

-23.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-18.2%
Q4 2025-23.1%-24.0%-23.2%
Q3 2025-11.2%-3.5%+7.6%
Q1 2025-1.2%-1.3%+37.2%
Q4 2024-16.8%-25.8%-31.9%
Q3 2024+9.0%+0.0%-13.2%
Q2 2024-12.1%-9.1%-4.5%
Q1 2024-10.5%-16.8%-22.5%
Q4 2023-13.7%-13.7%-21.4%
Q3 2023+15.3%+11.3%+29.2%
Q2 2023-7.6%-5.2%-9.5%
Q1 2023-6.5%-9.6%-1.6%
Q4 2022-9.7%-9.5%-14.8%
Q3 2022-5.9%+1.1%+6.1%
Q2 2022-2.7%-2.4%-12.5%
Q1 2022-23.9%-30.9%-27.4%
Q4 2021-3.1%+1.7%-9.2%
Q3 2021+6.4%+9.9%+9.8%
Q2 2021+2.1%+15.0%+0.3%
Q1 2021+2.0%-7.8%+4.2%
Q4 2020-20.1%-21.6%-23.0%
Q3 2020+23.5%+8.9%+34.2%
Q2 2020-11.7%-17.6%-26.5%
Q1 2020+6.0%+4.6%+49.5%
Q4 2019-4.6%-6.0%-10.8%
Q3 2019+6.1%+2.7%-6.3%
Q2 2019-17.0%-18.7%-26.8%
Q1 2019+1.1%+16.4%-7.9%
Q4 2018+0.6%+7.4%+17.4%
Q3 2018-17.2%-13.9%-22.7%
Q2 2018+15.2%+8.3%+4.7%
Q1 2018+9.7%+14.3%+10.7%
Q4 2017+1.5%+2.9%+1.6%
Q3 2017-8.1%-14.6%-18.4%
Q2 2017+22.7%+31.0%+12.1%
Q1 2017-9.7%-5.0%-8.1%
Q4 2016-9.4%-11.6%-16.4%
Q3 2016-13.1%-15.4%-24.5%
Q2 2016+15.0%+14.3%+30.0%
Q1 2016-8.2%
Q4 2015-4.5%
Q3 2015-9.2%
Q2 2015+1.4%
Q1 2014+6.5%
Q1 2015+17.2%
Q4 2012-2.7%
Q4 2014-9.2%
Q3 2013-10.0%
Q3 2014+13.6%
Q4 2013+1.0%
Q2 2013+1.0%
Q2 2014-11.5%
Q1 2013
Q3 2012

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