tiprankstipranks
GoPro reports subscribers grew 43% y/y to 2.25M
The Fly

GoPro reports subscribers grew 43% y/y to 2.25M

"In 2022, GoPro achieved GAAP profitability in a very challenging macroeconomic environment. We generated EBITDA of $95 million, or 9% of revenue. Additionally, we grew subscribers to 2.25 million, bringing our subscription and service revenue to an annual run rate of $100 million with 70-80% gross margin," said Nicholas Woodman, GoPro’s founder and CEO. "GoPro ended the year with solid balance sheet metrics and $367 million in cash after repaying debt of $125 million and repurchasing $40 million in stock," said Brian McGee, GoPro’s CFO and COO.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on GPRO:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles