Business
GoPro Announces Third Quarter Results
Revenue was $163 million Cash Flow from Operations was $12 million, a $14 million Improvement Year-over-Year SAN MATEO, Calif., Nov. 6, 2025 /PRNewswire/ --
About this update from Gopro, Inc.
[{"type":"text","content":"\n Revenue was $163 million\n \n \n Cash Flow from Operations was $12 million, a $14 million Improvement Year-over-Year\n \n \n SAN MATEO, Calif., Nov. 6, 2025 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its third quarter ended September 30, 2025, and posted management commentary, including forward-looking guidance, in the investor relations section of its website at https://investor.gopro.com.\n \n \n \n \n \n \n \n \"Q3 marked a meaningful step forward in our strategy to diversify, grow and restore profitability to GoPro's business,\" said Nicholas Woodman, GoPro's founder and CEO. \"We successfully launched three new TAM-expanding hardware products—our MAX2 360 camera, LIT HERO camera and Fluid Pro AI gimbal—alongside several new software offerings. We expect to return to revenue growth and profitability beginning Q4 2025 and in 2026.\"\n \"We delivered encouraging results in Q3, with revenue of $163 million and gross margin of 35.2%, in-line with our guidance ranges,\" said Brian McGee, GoPro's CFO and COO. \"We generated $12 million in cash flow from operations—our second consecutive quarter of positive cash flow from operations and a $14 million improvement year-over-year. Additionally, sell-through exceeded our expectations by 5% and channel inventory declined 30% from a year ago and has reduced for four consecutive quarters.\"\n \n Q3 2025 Financial Results \n \n \n Revenue was $163 million, down 37% year-over-year.\n Sell-through was approximately 500,000 camera units, down 18% year-over-year.\n Subscription and service revenue was down 3% year-over-year at $27 million. GoPro subscriber count ended Q3 at 2.42 million, down 5% year-over-year.\n Revenue from the retail channel was $123 million, or 75% of total revenue and down 41% year-over-year. GoPro.com revenue, including subscription and service revenue, was $40 million, or 25% of total revenue and down 22% year-over-year.\n GAAP gross margin was 35.1% compared to 35.5% in the prior year quarter. Non-GAAP gross margin was 35.2% compared to 35.6% in the prior year quarter.\n GAAP net loss was $21 million, or a $(0.13) loss per share, compared to a net loss of $8 million or a $(0.05) loss per share, in the prior year quarter.\n Non-GAAP net loss was $14 million, or a $(0.09) loss per share, compared to breakeven on a per share basis in the...