NASDAQ$GPRO

GoPro Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and year ended December 31, 2022.

GoPro's Q4 2022 revenue was $321 million, a decrease of 18% year-over-year, but in line with guidance. GAAP net income was $3 million, or $0.02 per share, while non-GAAP net income was $21 million, or $0.12 per share.

  • Revenue was $321 million, down 18% year-over-year and in-line with guidance.
  • GoPro.com revenue, including subscription and service revenue, was flat year-over-year at $128 million, or 40% of total revenue.
  • Subscription and service revenue increased 30% year-over-year to $22 million.
  • Cameras with retail prices at or above $400 represented 90% of Q4 2022 camera revenue.

Headline financials

Total Revenue

$321M

Previous: $391M-17.9%
EPS (adj)

$0.12

Previous: $0.41-70.7%
Capital Expenditures

$242K

Previous: $705K-65.7%
Free Cash Flow

$25.3M

Previous: $163M-84.5%
Net Income

$3M

Previous: $52.6M-94.3%
Operating Income

$1.71M

Previous: $58.6M-97.1%
Gross Profit

$104M

Previous: $161M-35.2%
Cash & Equivalents

$224M

Previous: $401M-44.2%
Total Assets

$1.08B

Previous: $1.26B-14.5%
Stock-Based Comp

$9.57M

Previous: $10.4M-8.2%

Revenue & EPS history

GoPro · Revenue · Quarterly

$321M

Q4 2022-17.9%vs Q4 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 plans to continue to execute on its stock repurchase plan in 2023.

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 2022

Historical avgQ4 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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