NASDAQ$GPRO

GoPro Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2020 results, highlighting subscriber growth and cash flow generation.

GoPro's Q4 2020 results showed a revenue of $358 million, GAAP EPS of $0.28, and non-GAAP EPS of $0.39. The company ended the year with 761,000 subscribers, a 145% year-over-year increase, and generated $108 million in cash flow from operations during the quarter.

  • Revenue for Q4 2020 was $358 million, a 28% sequential improvement from Q3 2020.
  • Ended 2020 with 761,000 GoPro subscribers, up 52% sequentially and 145% year-over-year.
  • GoPro.com generated a record $116 million in revenue in Q4, up 43% sequentially and 91% year-over-year.
  • Q4 2020 GAAP EPS was $0.28 and non-GAAP EPS was $0.39.

Headline financials

Total Revenue

$358M

Previous: $528M-32.3%
EPS (adj)

$0.39

Previous: $0.70-44.3%
Capital Expenditures

$321K

Previous: $2.04M-84.2%
Free Cash Flow

$108M

Previous: $86.2M+25.3%
Net Income

$44M

Previous: $95.8M-54.1%
Operating Income

$55.4M

Previous: $96.1M-42.4%
Gross Profit

$136M

Previous: $202M-32.6%
Cash & Equivalents

$326M

Previous: $150M+116.7%
Total Assets

$771M

Previous: $793M-2.7%
Stock-Based Comp

$8.04M

Previous: $7.03M+14.4%

Revenue & EPS history

GoPro · Revenue · Quarterly

$358M

Q4 2020-32.3%vs Q4 2019
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's shift to a subscription-centric, consumer-direct model is expected to result in a simpler, more profitable business with better cash generation. The company anticipates continued gains in 2021 with its subscription-based consumer-direct strategy.

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 2020

Historical avgQ4 2020

-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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