Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of a class (the “Class”) of purchasers of GoPro, Inc. (“GoPro” or the “Company”) (Nasdaq: GPRO) securities between July 21, 2015 and January 13, 2016, inclusive (the “Class Period”).

If you are a member of the Class described above, you may move the Court no later than 60 days from the date of this notice to serve as lead plaintiff. Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com to discuss this matter.

On October 28, 2015, the Company issued a press release announcing poor third quarter 2015 results. Specifically, GoPro reported revenue of $400 million, far below the company’s own guidance of $430 million to $445 million.

On the same day, during the Company’s quarterly earnings conference call with investors and analysts, GoPro CEO, Nick Woodman, attributed the Company’s poor performance, in part, to week sales related to the Company’s HERO4 Session camera. Specifically addressing the Company’s guidance miss, Woodman stated “our guidance going into the quarter was actually for a significant additional amount of Session to ship. . . . Session didn't sell through as well as we anticipated . . . .”

On this news, the Company’s shares fell $4.59, or more than 15%, to close at $25.62 per share on October 29, 2015.

On January 13, 2016, GoPro issued a press release announcing preliminary fourth quarter 2015 revenue of $435 million, falling below the Company’s guidance of $500 million to $550 million. GoPro also announced that it planned to reduce its workforce by approximately 7% and incur approximately $5 million to $10 million in restructuring costs, substantially all of which relates to severance costs. The Company attributed its dismal fourth quarter results to “lower than anticipated sales of its capture devices” and “a $21 million reduction for price protection related charges resulting from the HERO4 Session repricing in December.”

On this news, shares of GoPro fell as much as $4.08 per share, or 27.9%, to lows of $10.52 per share during after hours trading on January 13, 2016.

The complaint charges GoPro and certain of its officers with violations of the federal securities laws. Specifically, the complaint alleges that throughout the Class Period, defendants failed to disclose: (1) that the Company was experiencing weak sales of its HERO line of cameras throughout the Class Period; (2) that the Company was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced; (3) that the Company’s third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a significant additional amount of HERO4 Session cameras; (4) that the Company’s third and fourth quarter 2015 guidance was inflated and unrealistic; and (5) that, as a result of the foregoing, Defendants’ statements about GoPro’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy, 310-201-9150 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com

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