NASDAQ$GPRO
GoPro Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
GoPro reported weaker Q3 2025 results with significant revenue decline year over year and continued losses despite stable margins and improved operating cash flow.
GoPro generated $163 million in Q3 2025 revenue while reporting a GAAP net loss of $21 million as hardware demand remained weak. Camera sell-through declined and subscription revenue slightly decreased, though the company maintained stable gross margins and positive operating cash flow.
- Revenue declined 37% year-over-year to $163M.
- Sell-through reached approximately 500000 camera units, down 18% year-over-year.
- Subscription and service revenue totaled $27000000 with 2420000 subscribers.
- Adjusted EBITDA was negative $8000000 as profitability remained pressured.
Headline financials
Revenue & EPS history
GoPro · Revenue · Quarterly
$163M
Revenue by segment
GoPro · $319M total across 3 segments · Q3 2023
- Retail Channel$231M—72.4%
- GoPro.com$63M—19.7%
- Subscription & Services$25M—7.8%
Forward guidance
GoPro expects a return to revenue growth and profitability beginning in Q4 2025 driven by new hardware launches and improved operational efficiency.
Tailwinds
- Q4 2025 revenue guidance around 220000000.
- Strategy focused on expanding product categories beyond core cameras.
- Operating expenses reduced significantly compared to prior year.
- Positive operating cash flow achieved for the second consecutive quarter.
- Upcoming GP3 processor and new hardware expected to expand the addressable market.
Headwinds
- Revenue declined sharply year-over-year due to weaker hardware demand.
- Camera sell-through dropped 18% compared to the prior year quarter.
- Subscriber count declined year-over-year.
- Adjusted EBITDA remained negative during the quarter.
- Macro pressures and competition continue to affect demand for action cameras.
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 Q3 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
| Quarter | Report date | Reaction (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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