GoPro Q1 loss widens as subscribers dwindle, to review strategic alternatives

GoPro

11/05/2026 21:24

Overview

U.S. action camera maker's Q1 revenue fell 26% yr/yr to $99 mln

Company posted wider net loss and negative adjusted EBITDA amid lower gross margin

GoPro to review strategic alternatives, including possible sale or merger

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

HARDWARE SALES DROP - Hardware revenue fell 33% yr/yr and camera unit sell-through declined 29% yr/yr, reflecting weaker demand

GROSS MARGIN IMPACT - Gross margin dropped sharply due to a $24.5 mln charge for component purchase commitments and $4.5 mln sale of slow-moving inventory

SUBSCRIPTION STAGNATION - Subscription and service revenue was flat yr/yr and subscriber count fell 8% yr/yr

Company press release: ID:nPnbL93wLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$99 mln
Q1 EPS
-$0.50
Q1 Net Income
-$80.82 mln
Q1 Adjusted EBITDA
-$49.78 mln
Q1 Gross Profit
$4.31 mln
Q1 Operating Expenses
$61.55 mln
Q1 Operating Income
-$57.25 mln
Q1 Pretax Profit
-$78.98 mln


Analyst Coverage

The one available analyst rating on the shares is "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 $1.39, about 1.1% above its May 8 closing price of $1.37

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)