NASDAQ$GPRO

GoPro Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

GoPro's subscription-centric strategy delivered stellar results with improved margins and substantial year-over-year revenue growth.

GoPro reported strong Q2 2021 results, with revenue up 86% year-over-year to $250 million. The company achieved GAAP net income of $17 million, or $0.10 per share, and non-GAAP net income of $20 million, or $0.12 per share. GoPro.com revenue increased 48% year-over-year, and subscriber count grew significantly.

  • Revenue for Q2 2021 was $250 million, up 86% year-over-year.
  • GoPro.com revenue increased 48% year-over-year to $88 million.
  • GAAP net income was $17 million, or $0.10 per share.
  • GoPro subscribers increased 211% year-over-year to 1,160,000.

Headline financials

Total Revenue

$250M

Previous: $134M+85.9%
EPS (adj)

$0.12

Previous: -$0.20+160.0%
Capital Expenditures

-$2.02M

Previous: -$2.16M+6.7%
Free Cash Flow

$14.9M

Previous: -$53.1M+128.1%
Net Income

$17M

Previous: -$51M+133.3%
Operating Income

$9.5M

Previous: -$44.9M+121.2%
Gross Profit

$99.3M

Previous: $40.7M+144.0%
Cash & Equivalents

$286M

Previous: $79.7M+258.7%
Total Assets

$758M

Previous: $555M+36.5%
Stock-Based Comp

$10M

Previous: $5.88M+70.7%

Revenue & EPS history

GoPro · Revenue · Quarterly

$250M

Q2 2021+85.9%vs Q2 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

GoPro is increasing its revenue, margin, and earnings outlook for the second half and full year 2021.

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 Q2 2021

Historical avgQ2 2021

-2.7%

Avg return

Earnings day

-3.9%

Avg return

5 days after

-4.4%

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%-42.4%
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%
Q2 2013+1.0%
Q4 2013+1.0%
Q2 2014-11.5%
Q1 2013
Q3 2012

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