Categories AlphaGraphs, Earnings, Technology
GPRO Earnings: GoPro slips to a loss in Q2 2023 on lower revenues
GoPro, Inc. (NASDAQ: GPRO) reported a net loss for the June quarter, compared to a profit last year, as the action camera maker’s revenues declined.
Second-quarter net loss, on an adjusted basis, was $0.07 per share, compared to earnings of $0.08 per share a year earlier. On a reported basis, net loss was $17.2 million or $0.11 per share in Q2, compared to net income of $2.51 million or $0.02 per share in the prior-year period.
The bottom line was negatively impacted by a 4% decrease in revenues to $241 million. Meanwhile, total camera shipments increased 10% year-over-year to 704,000 units.
“In Q2, GoPro saw an immediate retail sales and GoPro subscription lift as a result of our mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales,” said the company’s CEO Nicholas Woodman.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key takeaways from Micron’s (MU) first-quarter 2026 results
Micron Technology Inc. (NASDAQ: MU) has reported blockbuster first-quarter results, comfortably beating estimates as strength in data center demand pushed key operating metrics to record levels. Management is now focused
Lennar (LEN) continues to battle a stubbornly difficult housing market
Shares of Lennar Corporation (NYSE: LEN) were down 2% on Thursday. The stock has dropped 17% over the past three months. The homebuilder saw its revenues and profits decline in
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
