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GoPro | 8-K: GoPro Announces Third Quarter Results

GoPro | 8-K: GoPro Announces Third Quarter Results

GoPro | 8-K:GoPro公布第三季度业绩
美股SEC公告 ·  2024/11/07 13:17

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GoPro reported Q3 2024 revenue of $259 million, down 12% YoY but exceeding guidance midpoint. Subscription and service revenue grew 11% YoY to $27.5 million, driven by improving retention rates and Premium+ subscriber growth. The subscriber base increased 2% YoY to 2.56 million, with 9% ARPU growth.Financial results showed a GAAP net loss of $8 million ($0.05 per share) compared to a $4 million loss in the prior year. Gross margin improved to 35.5% from 32.0% YoY. Cash and marketable securities stood at $130 million. Retail channel revenue was $208 million (80% of total), while GoPro.com revenue was $51 million (20% of total).The company launched two new products in September: the flagship HERO13 Black and an entry-level 4K HERO priced at $199. GoPro announced an updated restructuring plan for Q4 2024 to significantly reduce operating expenses and position the company for profitability in 2025.
GoPro reported Q3 2024 revenue of $259 million, down 12% YoY but exceeding guidance midpoint. Subscription and service revenue grew 11% YoY to $27.5 million, driven by improving retention rates and Premium+ subscriber growth. The subscriber base increased 2% YoY to 2.56 million, with 9% ARPU growth.Financial results showed a GAAP net loss of $8 million ($0.05 per share) compared to a $4 million loss in the prior year. Gross margin improved to 35.5% from 32.0% YoY. Cash and marketable securities stood at $130 million. Retail channel revenue was $208 million (80% of total), while GoPro.com revenue was $51 million (20% of total).The company launched two new products in September: the flagship HERO13 Black and an entry-level 4K HERO priced at $199. GoPro announced an updated restructuring plan for Q4 2024 to significantly reduce operating expenses and position the company for profitability in 2025.
GoPro报告了2024年第三季度的营业收入为25,900万,同比下降12%,但超过了指引中点。订阅和服务收入同比增长11%,达到2,750万,得益于提高的保留率和Premium+用户增长。用户基础同比增长2%,达到256万,ARPU增长9%。财务结果显示,GAAP净亏损为800万(每股0.05美元),而去年为400万亏损。毛利率同比提高至35.5%,而去年为32.0%。现金和可交易证券为13,000万。零售渠道的收入为20,800万(占总收入的80%),而GoPro.com的收入为5,100万(占总收入的20%)。公司在9月份推出了两款新产品:旗舰款HERO13 Black和一款入门级的0.4万HERO,价格为199美元。GoPro宣布了一项更新的重组计划,以在2024年第四季度显著降低营业费用,并为2025年的盈利能力做好准备。
GoPro报告了2024年第三季度的营业收入为25,900万,同比下降12%,但超过了指引中点。订阅和服务收入同比增长11%,达到2,750万,得益于提高的保留率和Premium+用户增长。用户基础同比增长2%,达到256万,ARPU增长9%。财务结果显示,GAAP净亏损为800万(每股0.05美元),而去年为400万亏损。毛利率同比提高至35.5%,而去年为32.0%。现金和可交易证券为13,000万。零售渠道的收入为20,800万(占总收入的80%),而GoPro.com的收入为5,100万(占总收入的20%)。公司在9月份推出了两款新产品:旗舰款HERO13 Black和一款入门级的0.4万HERO,价格为199美元。GoPro宣布了一项更新的重组计划,以在2024年第四季度显著降低营业费用,并为2025年的盈利能力做好准备。
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