GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent

May 7, 2024

GoPro, Inc. said it exceeded its revenue target in the first quarter and is making progress on its multi-year TAM expansion strategy, but it is taking more time than than anticipated.

“We believe our investments to grow our brand, retail presence and broader product line will restore growth and profitability over the long term,” said GoPro Founder and CEO Nicholas Woodman in a press release announcing first quarter results. “Patience is required, but our progress and product roadmap give us confidence,” he suggested.

Revenue was reportedly $155 million for the first quarter, down 11 percent year-over-year. SGB Media