GoPro reported Q3 2024 revenue of $258.9 million, down 12% year-over-year, with camera units shipped decreasing 4.6% to 881,000 units. Despite market challenges, gross margin improved to 35.5% from 32.0% last year, driven by lower operational costs and improved warranty expenses. Subscription and service revenue grew 10.6% year-over-year, representing 10.6% of total revenue.The company's retail revenue accounted for 80.3% of total revenue at $207.9 million, while GoPro.com revenue, including subscription services, contributed 19.7% at $51.0 million. Regional performance showed mixed results with EMEA growing 1% while Americas and APAC declined 17% and 18% respectively, impacted by softer consumer markets and increased competition, particularly in China.The company recorded a net loss of $8.2 million compared to a $3.7 million loss in Q3 2023. Operating expenses increased 2% to $99.9 million. In response to market conditions, GoPro announced a restructuring plan to reduce its global workforce by approximately 26% compared to Q2 2024 headcount, aiming to optimize cost structure and improve operational efficiency.

GoPro reported Q3 2024 revenue of $258.9 million, down 12% year-over-year, with camera units shipped decreasing 4.6% to 881,000 units. Despite market challenges, gross margin improved to 35.5% from 32.0% last year, driven by lower operational costs and improved warranty expenses. Subscription and service revenue grew 10.6% year-over-year, representing 10.6% of total revenue.The company's retail revenue accounted for 80.3% of total revenue at $207.9 million, while GoPro.com revenue, including subscription services, contributed 19.7% at $51.0 million. Regional performance showed mixed results with EMEA growing 1% while Americas and APAC declined 17% and 18% respectively, impacted by softer consumer markets and increased competition, particularly in China.The company recorded a net loss of $8.2 million compared to a $3.7 million loss in Q3 2023. Operating expenses increased 2% to $99.9 million. In response to market conditions, GoPro announced a restructuring plan to reduce its global workforce by approximately 26% compared to Q2 2024 headcount, aiming to optimize cost structure and improve operational efficiency.