share_log

GoPro Expects Q2 Revenue $170M +/- $5M, Est $225.753M

Benzinga ·  May 8 05:08

For the second quarter of 2024, GoPro expect to deliver revenue of approximately $170 million, down 29% year-over-year. GoPro estimate Street ASP in the second quarter to be approximately $330, down 4% year-over-year.

The revenue outlook for the second quarter is reduced by $20 million due to the push of new entry-level camera to the third quarter.

GoPro is factoring in a delayed launch of new entry-level camera from Q2 2024 to Q3 2024, and new 360 camera to late Q4 2024. This is expected to negatively impact revenue in a range of $65 to $85 million in 2024.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment