GoPro authorizes $40M in additional share repurchases

GoPro has authorized the company to repurchase an additional $40M of its Class A common stock. In 2022, the board of directors authorized the repurchase of up to $100M of its Class A common stock, of which $40M was repurchased in 2022. The cumulative remaining authorized amount for repurchase of Class A common stock as of February 9, 2023, is $100M, of which $5M has now been repurchased in 2023. GoPro expects to fund repurchases through cash generated from operations. GoPro’s stock repurchase program has no time limitations and may be modified, suspended, or discontinued at any time.