GoPro announced Q3 2024 financial results with revenue of $259 million, down 12% year-over-year but exceeding guidance midpoint. Subscription and service revenue grew 11% YoY to $27.5 million, driven by improving retention rates and Premium+ subscriber growth. GoPro subscribers increased 2% YoY to 2.56 million.The company reported a GAAP net loss of $8 million ($0.05 per share) compared to a $4 million loss in Q3 2023. Non-GAAP net loss was $0.5 million (breakeven per share). Gross margin improved to 35.5% from 32.0% YoY. Cash and marketable securities stood at $130 million.GoPro launched two new products in September: the flagship HERO13 Black and an entry-level $199 4K HERO camera. The company also announced an updated restructuring plan to significantly reduce operating expenses and position for profitability in 2025, amid challenging market conditions in 2024.

GoPro announced Q3 2024 financial results with revenue of $259 million, down 12% year-over-year but exceeding guidance midpoint. Subscription and service revenue grew 11% YoY to $27.5 million, driven by improving retention rates and Premium+ subscriber growth. GoPro subscribers increased 2% YoY to 2.56 million.The company reported a GAAP net loss of $8 million ($0.05 per share) compared to a $4 million loss in Q3 2023. Non-GAAP net loss was $0.5 million (breakeven per share). Gross margin improved to 35.5% from 32.0% YoY. Cash and marketable securities stood at $130 million.GoPro launched two new products in September: the flagship HERO13 Black and an entry-level $199 4K HERO camera. The company also announced an updated restructuring plan to significantly reduce operating expenses and position for profitability in 2025, amid challenging market conditions in 2024.