GoPro slumps on fourth-quarter loss
07/02/2025 11:56
** Shares of action camera maker GoPro GPRO.O slide 15.8%
to 91 cents premarket
** Co reports Q4 adj. loss of 9 cents/share compared with a
profit of 3 cents/share a year ago
** Revenue falls 32% to $201 mln
** CEO Nicholas Woodman says macroeconomic headwinds such as
FX rates, competition and the delayed launch of a new camera are
expected to pressure revenue in 2025
** However, tariffs on imports not expected to materially
impact pricing or gross margin, Woodman says
** Stock lost over 68% in 2024
(Reporting by Purvi Agarwal in Bengaluru)
((Purvi.Agarwal@thomsonreuters.com))