{"id":51083,"date":"2015-07-21T20:32:46","date_gmt":"2015-07-22T02:32:46","guid":{"rendered":"http:\/\/www.businesspundit.com\/?p=51083"},"modified":"2020-09-21T13:33:52","modified_gmt":"2020-09-21T17:33:52","slug":"gopro-revenues-jump-72-as-company-goes-profitable","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/gopro-revenues-jump-72-as-company-goes-profitable\/","title":{"rendered":"GoPro Revenues Jump 72% As Company Goes Profitable"},"content":{"rendered":"<p><a href=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits.jpg\"><img decoding=\"async\" class=\"size-full wp-image-51084 aligncenter lazyload\" data-src=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits.jpg\" alt=\"GoPro Hero4 and Q2 Revenue and Profits\" width=\"770\" height=\"433\" data-srcset=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits.jpg 770w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-300x169.jpg 300w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-600x337.jpg 600w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-20x11.jpg 20w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-40x22.jpg 40w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-80x45.jpg 80w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-683x384.jpg 683w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2015\/07\/GoPro-Hero4-and-Q2-Revenue-and-Profits-610x343.jpg 610w\" data-sizes=\"(max-width: 770px) 100vw, 770px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 770px; --smush-placeholder-aspect-ratio: 770\/433;\" \/><\/a><\/p>\n<p>GoPro Inc. on Tuesday announced a revenue increase of 72% in the second quarter, helped largely by big sales numbers for the Hero4 devices.<\/p>\n<p>Shares of the company rose 2.3% to $63.49 in after-hours trading. The company&#8217;s stock has risen 49% since going public in June 2014.<\/p>\n<p>The Hero4 devices have been a huge hit among surfers and cyclists seeking ways to record their adventures. The Hero4 Session, a camcorder the size of an ice cube\u00a0arrived at market this month.<\/p>\n<p>GoPro has been busily attempting to grow its market. In April, it acquired spherical video producer Kolor, a first sign that the firm is moving into the field of virtual reality. Last week GoPro also announced plans to monetize the video content users create by implementing a user opted-in licensing platform.<\/p>\n<p>&#8220;I couldn&#8217;t be more proud of our aggressive pace of innovation. With the introduction of Hero4 Session and Hero+ LCD, we&#8217;ve launched five new cameras in the past 10 months, exciting both new and existing customers and contributing to strong second-quarter results,&#8221; Chief Executive Nicholas Woodman said.<\/p>\n<p>Revenue in the second quarter rose 72% to $419.9 million.<\/p>\n<p>The increase in revenue also allowed GoPro to earn a profit of $35 million for the period ending June 30, compared with a\u00a0year-earlier loss of $19.8 million, or per-share loss of 24 cents.<\/p>\n<p>Excluding stock-based compensation and acquisition expenses, the company posted a profit of 35 cents, up from 8 cents the year before.<\/p>\n<p>According to the earnings call, GoPro devices are now sold in more than 40,000 stores worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GoPro Inc. on Tuesday announced a revenue increase of 72% in the second quarter, helped largely by big sales numbers for the Hero4 devices. Shares of the company rose 2.3% to $63.49 in after-hours trading. The company&#8217;s stock has risen 49% since going public in June 2014. The Hero4 devices have been a huge hit [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":51084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[8036,8038,8037],"class_list":{"0":"post-51083","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-gopro","9":"tag-gopro-earnings","10":"tag-nicholas-woodman"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/51083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=51083"}],"version-history":[{"count":1,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/51083\/revisions"}],"predecessor-version":[{"id":76871,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/51083\/revisions\/76871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/51084"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=51083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=51083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=51083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}