GoPro Announces Third Quarter Results
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GoPro reported its third-quarter results with a revenue of $259 million and a 2% increase in subscribers to 2.56 million. Subscription and service revenue rose by 11% year-over-year to $27.5 million. The company also announced a restructuring plan to reduce operating expenses.
November 07, 2024 | 9:15 pm
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GoPro's Q3 results show a revenue of $259 million and a 2% increase in subscribers. Subscription revenue grew by 11%. The company plans to reduce operating expenses through restructuring.
The positive growth in revenue and subscribers, along with an increase in subscription revenue, suggests a strong performance. The restructuring plan to reduce expenses is likely to improve profitability, positively impacting the stock price.
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IMPORTANCE 80
RELEVANCE 100