NASDAQ$GPRO

GoPro Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

GoPro's Q2 2022 financial results were announced, revealing a 65% year-over-year increase in subscribers to 1.91 million, along with GAAP EPS of $0.02 and non-GAAP EPS of $0.08.

GoPro's Q2 2022 financial results showed slight revenue growth and strong subscription increases, but a decrease in net income compared to the previous year.

  • Revenue was $251 million, a slight increase year-over-year.
  • GoPro.com revenue increased 9% year-over-year to $95 million, representing 38% of total revenue.
  • Subscription and service revenue increased 71% year-over-year to $20 million.
  • GoPro subscriber count increased 65% year-over-year to 1.91 million.

Headline financials

Total Revenue

$251M

Previous: $250M+0.4%
EPS (adj)

$0.08

Previous: $0.12-33.3%
Capital Expenditures

-$1.29M

Previous: -$2.02M+35.9%
Free Cash Flow

$1.23M

Previous: $14.9M-91.8%
Net Income

$2.52M

Previous: $17M-85.1%
Operating Income

$4.66M

Previous: $9.5M-51.0%
Gross Profit

$96M

Previous: $99.3M-3.3%
Cash & Equivalents

$203M

Previous: $286M-28.9%
Total Assets

$1.04B

Previous: $758M+37.8%
Stock-Based Comp

$10.3M

Previous: $10M+2.2%

Revenue & EPS history

GoPro · Revenue · Quarterly

$251M

Q2 2022+0.4%vs Q2 2021
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

GoPro expects upcoming hardware and software launches in the second half of 2022 to contribute to continued profitability and subscription growth.

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 2022

Historical avgQ2 2022

-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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