SAN MATEO, Calif. (BRAIN) GoPro Inc. revenue for the first quarter declined 14% year-over-year despite the company reducing operating expenses during the period.

Revenue for the quarter ending March 31 was $134 million, compared with $155 million at the same time last year. Camera sell-through was 440,000 units, down 18% year-over-year, while retail channel revenue (70% of total revenue) was $94 million, dropping 12% over the same period. GoPro.com revenue, which includes subscription and service revenue, was $40 million, down 18% year-over-year.

"Our Q1 results reflect our commitment to reducing operating expenses, down 26% year-over-year, improving subscription ARPU (Average Revenue Per User), up 5% year-over-year, and further diversifying our supply chain, all of which position us to navigate an evolving market landscape throughout 2025," said Chief Financial Officer and Chief Operating Officer Brian McGee.

First-quarter GAAP net income loss was $47 million (negative $0.30 per share) compared with $339 million ($2.24 per share) in the prior year period.

GoPro's corporate headquarters are in San Mateo. Its stock is traded on NASDAQ under the GPRO symbol. GoPro stock quote at Marketwatch.com.