US EditionSeadrill Announces First Quarter 2025 Results
- On May 12, 2025, GoPro, based in San Mateo, California, released its earnings report for the period ending March 31, 2025.
- The results followed efforts to reduce operating expenses by 26% year-over-year and diversify the supply chain amid evolving market conditions.
- Revenue reached $134 million, down 14% year-over-year with retail revenue down 12%, while subscription and service revenue grew 4% to $27 million.
- Brian McGee highlighted that the company achieved a significant reduction in operating costs by 26% compared to last year, alongside a 5% increase in subscription ARPU. Meanwhile, Nicholas Woodman emphasized that upcoming product launches in 2025 and 2026 are designed to drive a rebound in both revenue and profitability.
- Despite a GAAP net loss of $47 million, GoPro improved adjusted EBITDA by 46% year-over-year and aims to navigate market challenges while growing revenue and profitability.
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The Courier-Tribune+26 Reposted by 26 other sources
GoPro Announces First Quarter Results
Revenue of $134 million, at High-end of Guidance
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