Jump to content
Sign in to follow this  

Hero 8 drives GoPro to second most profitable quarter ever

Recommended Posts

brose_190930_3699_0012.0.jpg GoPro Hero 8 Black. | Photo by Brent Rose for The Verge

Sales of the GoPro Hero 8 series helped the company post Q4 revenue of $528 million, up 40 percent compared to the same holiday quarter last year. It was the third best quarter in terms of revenue ever posted by the company, which founder and CEO Nick Woodman took public in 2014. Those numbers allowed the company to eke out a profit of $102 million for the October to December 2019 period, it’s second most profitable quarter ever, according to Woodman.

NPD research says GoPro captured 97 percent of every US dollar spent on action cameras (and 87 percent of units sold) in the fourth quarter, showing just how dominant GoPro remains in its niche market segment.

Nevertheless, GoPro stock is getting hammered in after-hours trading (down as...

Continue reading…

View the full article

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use