GoPro Losses Widen as Revenue Drops 31%, Subscription Growth Offsets
GoPro reported deeper adjusted losses as revenue fell 31% year-over-year to $105 million in Q2, driven by weakening hardware sales. First-quarter revenue dropped 26% to $99.1 million and the company flagged going-concern risk in a June regulatory filing. Subscription and services rose 11% to $29 million. GoPro cut its workforce by about 23% and Woodman provided $20 million in financing while the board pursues a formal strategic review that could include a sale or merger.