Slide 1: Q4 2024 Preliminary Earnings Results Summary
Q4 2024 Preliminary Earnings Results Summary February 6, 2025 Copyright © 2025. GoPro, Inc. All rights reserved.
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will,” “plan” and variations of these
Slide 3: Use of Non-GAAP Metrics
USE OF NON-GAAP METRICS We report gross margin, operating expenses, operating income (loss), net income (loss) and diluted net income (loss) per share in accordance with U.S. generally accepted accounting principles (GAAP) and on a non-GAAP basis. We additionally report non-GAAP adjusted EBITDA. Gro
Slide 4: Quarterly Non-GAAP Income Statement Summary
QUARTERLY NON-GAAP INCOME STATEMENT SUMMARY ($ in millions, except per share data) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Revenue $ 200.9 $ 258.9 $ 186.2 $ 155.5 $ 295.4 $ 294.3 $ 241.0 $ 174.7 $ 321.0 Camera units shipped (in thousands) 581 881 576 393 895 923 704 4
Slide 5: Quarterly Revenue Metrics
QUARTERLY REVENUE METRICS ($ in millions) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Revenue by Channel: $ % of Rev $ % of Rev $ % of Rev $ % of Rev $ % of Rev GoPro.com $ 51.3 25.6 % $ 51.0 19.7 % $ 49.1 26.4 % $ 49.2 31.6 % $ 67.4 22.8 % Retail 149.6 74.4 207.9 80.3 137.1 73.6 106.3 68.4 228.0 77.2 T
Slide 6: Select Balance Sheet Metrics
SELECT BALANCE SHEET METRICS ($ in millions) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Cash, cash equivalents, restricted cash and marketable securities $ 102.8 $ 130.2 $ 133.0 $ 133.7 $ 246.6 $ 259.5 $ 271.7 $ 294.6 $ 367.3 Days sales outstanding 39 46 42 40 28 33 31 2
Slide 7: Subscription
SUBSCRIPTION Copyright © 2025. GoPro, Inc. All rights reserved. 7
Slide 8: Appendix
Appendix Speaker/ Date/ Subtitle APPENDIX Copyright © 2025. GoPro, Inc. All rights reserved. Confidential information. Copyright © 2019. GoPro, Inc. All rights reserved.
Slide 9: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS To supplement our unaudited selected financial data presented on a basis consistent with GAAP, we disclose certain non-GAAP financial measures, including non-GAAP gross profit, gross margin percentage, operating expenses, operating income (loss), net income
Slide 10: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS ● adjusted EBITDA excludes the amortization of point of purchase (POP) display assets because it is a non-cash charge, and is treated similarly to depreciation of property and equipment and amortization of acquired intangible assets; ● adjusted EBITDA and n
Slide 11: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS ● non-GAAP net income (loss) excludes a gain on the sale and/or license of intellectual property. This gain is not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such gains
Slide 12: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS ($ in thousands, except per share data) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 GAAP net income (loss) $ (37,191) $ (8,211) $ (47,821) $ (339,088) $ (2,418) $ (3,684) $ (17,212) $ (29,869) $ 3,073 Stock-based compensation: Co
Slide 13: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS ($ in thousands, except per share data) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Numerator: GAAP net income (loss) - Basic $ (37,191) $ (8,211) $ (47,821) $ (339,088) $ (2,418) $ (3,684) $ (17,212) $ (29,869) $ 3,073 Add: Inte
Slide 14: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS ($ in thousands) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 GAAP gross margin 34.7% 35.5% 30.5% 34.1% 34.2% 32.0% 31.4% 30.0% 32.5% Stock-based compensation 0.1 0.1 0.2 0.3 0.2 0.2 0.3 0.3 0.1 Restructuring and other costs 0.3 —
Slide 15: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP TO NON-GAAP RECONCILIATIONS ($ in thousands) Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 GAAP net (loss) income $ (37,191) $ (8,211) $ (47,821) $ (339,088) $ (2,418) $ (3,684) $ (17,212) $ (29,869) $ 3,073 Income tax expense (benefit) (2,403) 2,083 1,333 29