NASDAQ$GPRO
GoPro Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
GoPro's Q4 2019 earnings were released, showing revenue growth and GAAP profitability.
GoPro reported a strong Q4 2019 with a 40% increase in revenue year-over-year, driven by the launch of HERO8 Black and MAX. The company achieved GAAP net income of $96 million, or $0.65 per share, and non-GAAP net income of $102 million, or $0.70 per share. GoPro.com represented more than 10% of revenue in 2019, growing more than 40% year-over-year.
- Q4 2019 revenue increased by 40% year-over-year to $528 million.
- GAAP net income for Q4 2019 was $96 million, or $0.65 per share.
- Non-GAAP net income for Q4 2019 was $102 million, or $0.70 per share.
- GoPro Plus subscription service surpassed 334,000 active paying subscribers as of January 31, 2020, up 69% year-over-year.
Headline financials
Revenue & EPS history
GoPro · Revenue · Quarterly
$528M
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 provided forward guidance for 2020, including non-GAAP gross margin and non-GAAP net income per share.
Tailwinds
- Full year GAAP net income between $2 million and $17 million
- Full year stock-based compensation of $38.4 million
- Full year depreciation and amortization of $22.8 million
- Full year interest (income) expense, net of $19.8 million
- Full year POP display amortization of $5.8 million
Headwinds
- First quarter GAAP net income loss between $54.8 million and $64.8 million
- First quarter stock-based compensation of $9.6 million
- First quarter acquisition-related costs of $1.9 million
- First quarter non-cash interest expense of $2.4 million
- First quarter income tax adjustments of $900 thousand
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 Q4 2019
-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
| Quarter | Report date | Reaction (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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