SAN MATEO, Calif. (BRAIN) GoPro Inc. second-quarter revenue slid 18% year-over-year with retail and online channels decreasing 19% and 16% respectively.
Total revenue for the quarter ending June 30 was $153 million, down from $186 million at the same time last year. Retail channel revenue was $111 million and GoPro.com revenue, including subscriptions and services, was $41 million.
GoPro founder and CEO Nicholas Woodman said the company will "launch a broader, more diversified suite of hardware and software products in the second half of 2025, which we believe will restore revenue growth and profitability to our business starting in Q4 2025."
First-quarter GAAP net income loss was $16 million (negative $0.10 per share) compared with a net loss of $48 million (negative $0.31 per share) in the prior year period.
During the quarter, GoPro closed a second lien credit facility of $50 million. As part of the agreement, GoPro issued an aggregate of 11.1 million warrants to purchase shares of common stock at an exercise price of $1.25.
GoPro's corporate headquarters are in San Mateo. Its stock is traded on NASDAQ under the GPRO symbol. Stock quotes are available at nasdaq.com.
