NASDAQ$GPRO

GoPro Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2021 results, with revenue up 9% year-over-year to $391 million and full year revenue up 30% to $1.16 billion.

GoPro's Q4 2021 results showed a 9% year-over-year revenue increase, reaching $391 million. The company's strategic shift towards a direct-to-consumer, subscription-centric model contributed to revenue, margin, and profitability growth, resulting in a record year-end cash balance of $539 million.

  • Revenue was $391 million, up 9% year-over-year.
  • GoPro.com revenue, including subscription revenue, increased 10% year-over-year to $128 million, representing 33% of total revenue.
  • GAAP net income was $53 million, or $0.32 per share, up from $44 million, or $0.28 per share in the prior year period.
  • Q4 2021 Street ASP was $379, up 17% year-over-year.

Headline financials

Total Revenue

$391M

Previous: $358M+9.3%
EPS (adj)

$0.41

Previous: $0.39+5.1%
Capital Expenditures

$705K

Previous: $321K+119.6%
Free Cash Flow

$163M

Previous: $108M+51.1%
Net Income

$52.6M

Previous: $44M+19.6%
Operating Income

$58.6M

Previous: $55.4M+5.9%
Gross Profit

$161M

Previous: $136M+18.4%
Cash & Equivalents

$401M

Previous: $326M+23.2%
Total Assets

$1.26B

Previous: $771M+63.3%
Stock-Based Comp

$10.4M

Previous: $8.04M+29.7%

Revenue & EPS history

GoPro · Revenue · Quarterly

$391M

Q4 2021+9.3%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
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 press release does not contain information on forward guidance. Therefore, this section will remain empty.

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 2021

Historical avgQ4 2021

-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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