GoPro (GPRO) Tops Q1 EPS by 3c, Revenues Beat

GoPro (NASDAQ: GPRO) reported Q1 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $204 million versus the consensus estimate of $186.69 million.

"This is the new GoPro. We've evolved from a hardware unit-sales-centric business to a successful direct-to-consumer subscription-centric business with a significant opportunity to grow margin and profitability with continued subscriber growth," said Nicholas Woodman, GoPro's founder and CEO. "The value-creation implications of this shift are meaningful."

"GoPro fired on all cylinders during the first quarter of 2021. Strong revenue growth globally, a continued shift to higher-end cameras, and subscription growth drove record ASP's that resulted in expanded gross margins and operating results in the quarter," said Brian McGee, GoPro's CFO and COO.

For earnings history and earnings-related data on GoPro (GPRO) click here.

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