Action camera maker GoPro reports bigger-than-expected adjusted loss

GoPro

06/11/2025 21:16

Overview

GoPro Q3 revenue falls 37% yr/yr, adjusted EPS misses analyst expectations

Company reports Q3 net loss of $21 mln, compared to $8 mln loss last year

GoPro CEO invests $2 mln in company, reinforcing confidence in future growth

Outlook

GoPro expects revenue growth and profitability to return in Q4 2025 and 2026

Company anticipates improved gross margins and reduced operating expenses

Result Drivers

NEW PRODUCT LAUNCHES - GoPro launched three new hardware products and several software offerings, aiming to expand its TAM, per CEO Nicholas Woodman

CASH FLOW IMPROVEMENT - GoPro reported $12 mln cash flow from operations, a $14 mln improvement yr/yr, per CFO Brian McGee

CHANNEL INVENTORY REDUCTION - GoPro reduced channel inventory by 30% yr/yr, marking four consecutive quarters of decline, per CFO Brian McGee

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$162.92 mln
Q3 Adjusted EPS
Miss
-$0.09
-$0.04 (1 Analyst)
Q3 Net Income
-$21.25 mln
Q3 Adjusted EBITDA
-$7.90 mln
Q3 Gross Profit
$57.17 mln
Q3 Operating Expenses
$73.05 mln
Q3 Operating Income
-$15.89 mln
Q3 Pretax Profit
-$20.48 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the household electronics peer group is "hold"

Wall Street's median 12-month price target for GoPro Inc is $1.14, about 55.9% below its November 5 closing price of $1.77

Press Release: ID:nPn5b9H5Ha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)