Shares of action camera company GoPro (NASDAQ:GPRO)
fell 3.3% in the morning session after it gave back a portion of the previous day's massive gains as investor focus appeared to shift from product hype to the company's challenging financial performance.
Shares of GoPro are pulling back on Tuesday. The stock is down following a 30% surge on Monday that was driven by heavy trading and significant options activity.
Shares of action camera company GoPro (NASDAQ:GPRO)
jumped 35% in the afternoon session after investor excitement over its future product roadmap, which points to the release of several new cameras. Recent reports have outlined GoPro's plans for late 2025, which include the flagship Hero 14 and the GoPro Max 2, a 360-degree camera. Looking further ahead, the company is developing a dedicated vlogging camera for release as early as 2026. This new product appears designed to compete with popular DJI Pocket-style devices, a significant move as this category of camera has captured a large share of the video camera market in some regions. This product roadmap signals GoPro's intent to innovate and enter new, potentially lucrative market segments.
Shares of action camera company GoPro (NASDAQ:GPRO)
fell 10.8% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure.
A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
GoPro’s second quarter saw continued revenue contraction and a wider-than-expected adjusted loss, with management citing headwinds from higher tariffs, increased competition, and cautious consumer spending on discretionary electronics. CEO Nicholas Woodman noted that efficiency efforts, including a 32% reduction in operating expenses, helped deliver the company’s highest gross margin since 2022 despite these challenges. The quarter also featured new hardware and software launches, and a focus on cost control to stabilize profitability.
Shares of action camera company GoPro (NASDAQ:GPRO)
fell 6.2% in the afternoon session after the company reported underwhelming second-quarter 2025 results, with declining sales and earnings per share below analysts' estimates. The action-camera maker's revenue fell 18% year-over-year to $152.6 million, and its non-GAAP loss of $0.08 per share missed analysts' expectations for a $0.06 loss. The CEO stated that the company believes it "will restore revenue growth and profitability to our business starting in Q4 2025." Still, this was a weak quarter.
Action camera company GoPro (NASDAQ:GPRO) posted $152.6 million of revenue in Q2 CY2025, down 18% year on year. Its non-GAAP loss of $0.08 per share was 33.3% below analysts’ consensus estimates.
Action camera company GoPro (NASDAQ:GPRO) posted $152.6 million of revenue in Q2 CY2025, down 18% year on year. Its non-GAAP loss of $0.08 per share was 33.3% below analysts’ consensus estimates.
A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as weaker-than-expected U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve.
