GoPro reported Q2 2024 revenue of $186 million, exceeding guidance by 9% despite a 23% year-over-year decline. Subscription and service revenue grew 8% to $26 million, with subscribers increasing 4% to 2.53 million. The company maintained flat cash levels sequentially at $133 million while reducing inventory ahead of new product launches.GoPro posted a GAAP net loss of $48 million ($0.31 per share) compared to a $17 million loss in Q2 2023. Non-GAAP net loss was $36 million ($0.24 per share). Gross margin declined slightly to 30.5% GAAP and 30.7% non-GAAP. The company plans to launch two new products in September, including an enhanced flagship HERO13 Black camera and a new $199 entry-level HERO camera.CEO Nicholas Woodman expressed confidence in the new product lineup, while CFO Brian McGee highlighted the subscriber growth and revenue performance. GoPro also announced a partnership with SoftBank for expanded distribution in Japan and a large-scale merchandising program with Best Buy in the U.S.

GoPro reported Q2 2024 revenue of $186 million, exceeding guidance by 9% despite a 23% year-over-year decline. Subscription and service revenue grew 8% to $26 million, with subscribers increasing 4% to 2.53 million. The company maintained flat cash levels sequentially at $133 million while reducing inventory ahead of new product launches.GoPro posted a GAAP net loss of $48 million ($0.31 per share) compared to a $17 million loss in Q2 2023. Non-GAAP net loss was $36 million ($0.24 per share). Gross margin declined slightly to 30.5% GAAP and 30.7% non-GAAP. The company plans to launch two new products in September, including an enhanced flagship HERO13 Black camera and a new $199 entry-level HERO camera.CEO Nicholas Woodman expressed confidence in the new product lineup, while CFO Brian McGee highlighted the subscriber growth and revenue performance. GoPro also announced a partnership with SoftBank for expanded distribution in Japan and a large-scale merchandising program with Best Buy in the U.S.