GoPro Subscription Service Surpasses 2.5M Subscribers, Growing 20% Year-Over-Year
Portfolio Pulse from Benzinga Newsdesk
GoPro, Inc. (NASDAQ:GPRO) announced that its subscription service surpassed 2.5 million subscribers at the end of Q3, growing 20% year-over-year. The subscription service provides customers with various benefits including unlimited cloud storage, premium editing tools, and exclusive savings on GoPro cameras. The company plans to launch its all-new Quik desktop app later this year as an additional benefit to subscribers at no extra cost.
October 19, 2023 | 1:06 pm
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GoPro's subscription service growth and the upcoming launch of the Quik desktop app could potentially boost the company's revenues and profitability.
The growth in GoPro's subscription service indicates a strong demand for its products and services. The upcoming launch of the Quik desktop app, which is included in the subscription at no extra cost, could attract more subscribers and increase customer retention, potentially leading to higher revenues and profitability.
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