GoPro (GPRO) reported a significant decline in financial performance, with second quarter revenue dropping 31% year-over-year to $105 million and camera unit sales decreasing 38% to approximately 291,000 units. The company posted a GAAP net loss of $51 million, up from a $16 million loss the previous year, and adjusted EBITDA worsened to a negative $29 million.
In 2025, GoPro’s full-year revenue fell 19% and camera sales dropped 20%. Although subscription revenue grew by 11%, it has not compensated for losses in the core hardware business. The company is also facing financial strain from a $50 million convertible debt agreement with Yorkville and a $20 million loan from CEO Nicholas Woodman, highlighting ongoing balance-sheet risks and potential shareholder dilution.
The company’s outlook is grim, with analysts revising earnings estimates sharply downward; the current quarter’s forecast has shifted from a profit of $0.01 to a loss of $0.14 per share. GoPro’s board has initiated a review of strategic alternatives as it seeks solutions to stabilize sales and profitability.
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