Q2 2025 GoPro Inc Earnings Call Transcript
Key Points
- GoPro Inc (GPRO) reached the high end of its revenue guidance for Q2 2025.
- Operating expenses were reduced by 32% year over year, achieving the highest gross margin since Q3 2022.
- The subscription attach rate from cameras sold increased to 56% compared to 45% in Q2 2024.
- GoPro Inc (GPRO) raised $50 million in debt financing to strengthen its balance sheet.
- The company is on track to launch new products in the second half of 2025, which are expected to drive revenue and profitability growth.
- Tariffs are negatively impacting gross margins, with an expected cost of $18 million in 2025.
- Revenue from subscription and service was flat year over year at $26 million.
- Sell-through was approximately 500,000 units, down from 600,000 units in the prior year period.
- The company expects a non-GAAP loss per share for Q3 2025.
- Revenue for Q3 2025 is expected to be down 38% year over year.
Okay. Good afternoon. Thank you for attending the GoPro second quarter 2025 earnings call. My name is Cameron, and I'll be your moderator for today. (Operator Instructions) And I would now like to pass the conference over to your host, Robin Stoecker, Director of Corporate Communications. They proceed.
Thank you, Cameron. Good afternoon and welcome to GoPro's second quarter 2025 earnings conference call. With me today are GoPro CEO, Nicholas Woodman, and CFO and COO, Brian McGee. Today's agenda will include brief commentary from Nick and Brian, followed by Q&A.
For detailed information about our second quarter as well as outlook, please read our Q2 earnings press release and management commentary we posted to the investor relations section of GoPro's website. Before I pass the call to Nick, I'd like to remind everybody that our remarks today may include forward-looking statements.
Forward-looking statements and all other statements that are not historical facts are not
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