SAN MATEO, Calif., Dec. 3, 2020 /PRNewswire/ -- GoPro,
Inc. (NASDAQ: GPRO) today shared that its GoPro subscriber
count surged past the 670,000 mark due to record-breaking sales at
GoPro.com during the Black Friday and Cyber Monday period.
"GoPro.com performed as we expected, handily breaking sales
records over the Black Friday – Cyber Monday period, thus ensuring
we'll finish the year with well over 700,000 subscribers," said
Nicholas Woodman, GoPro's founder
and CEO. "We are confident about our ability to exit 2020 with low
channel inventory and a promising outlook for 2021."
The Company also shared that this week it sold its 40 millionth
camera since the debut of its first HD model in 2009.
"On behalf of GoPro's employees, past and present, I'd like to
thank our customers around the world for helping us reach the
milestone of 40 million cameras sold," added Woodman. "We love what
we do because you love what we make."
For more information about GoPro, the HERO9 Black and GoPro's
subscription offering, visit http://www.gopro.com.
About GoPro, Inc. (NASDAQ: GPRO)
GoPro helps the world capture and share itself in immersive
and exciting ways.
For more information, visit www.gopro.com. Members of
the press can access official brand and product images, logos and
reviewer guides by visiting GoPro's press portal. GoPro
users can submit their photos, raw video clips and edits to GoPro
Awards for a chance to be featured on GoPro's social channels and
receive gear and cash awards. Learn more
at www.gopro.com/awards. Connect with GoPro
on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube,
and GoPro's blog The Inside Line.
GoPro, HERO and their respective logos are trademarks or
registered trademarks of GoPro, Inc. in the United
States and other countries.
Note on Forward-looking Statements
This press release may contain projections or other
forward-looking statements within the meaning Section 27A of the
Private Securities Litigation Reform Act. Words such as
"anticipate," "believe," "estimate," "expect," "intend," "should,"
"will" and variations of these terms or the negative of these
terms and similar expressions are intended to identify these
forward-looking statements. Forward-looking statements in this
press release may include but are not limited to planned growth and
increased profitability in the second half of 2020 and beyond, and
consumer demand and the impact of the COVID-19 pandemic on our
business. These statements involve risks and uncertainties, and
actual events or results may differ materially. Among the important
factors that could cause actual results to differ materially from
those in the forward-looking statements include the risk that
our reduction in operating expenses may impact our ability to meet
our business objectives and achieve our revenue targets, and may
not result in the expected improvement in our profitability; our
ability to continue to focus on expense management; the fact that
our plan to profitability depends in part on further penetrating
our addressable market, and we may not be successful in doing so;
the risk that growing our direct-to-consumer business while
reducing our reliance on our other sales channels could impact
profitability; the impact of the COVID-19 pandemic and its effect
on the United States and global
economies and our business in particular; any inability to
successfully manage frequent product introductions (including
roadmap for new hardware, software and subscription products) and
transitions, including managing our sales channel and inventory,
and accurately forecasting future sales; the fact that a small
number of retailers and distributors account for a substantial
portion of our revenue and our level of business with them could be
significantly reduced due to retail closures related to COVID-19;
the fact that we plan to further transition from some distributors
and retailers as we shift our sales strategy to focus on our
direct-to-consumer channel, and that transition may result in
reduced revenue and profitability; our reliance on third party
suppliers, some of which are sole source suppliers, to provide
components for our products and our reliance on third party
logistics partners to deliver without interruption; our dependence
on sales of our cameras, mounts and accessories, and subscription
services for substantially all of our revenue (and the effects of
changes in the sales mix or decrease in demand for these products);
the fact that an economic downturn or economic uncertainty in our
key U.S. and international markets, as well as fluctuations in
currency exchange rates, may adversely affect consumer
discretionary spending; any changes to trade agreements, trade
policies, tariffs, and import/export regulations; the effects of
the highly competitive market in which we operate, including new
market entrants; the fact that we may not be able to achieve
revenue growth or profitability in the future; risks related to
inventory, purchase commitments and long-lived assets; difficulty
in accurately predicting our future customer demand; the importance
of maintaining the value and reputation of our brand; the risk that
the e-commerce technology systems that give consumers the ability
to shop online do not function effectively; the risk that we will
encounter problems with our distribution system; the threat of a
security breach or other disruption including cyberattacks; the
concern that our intellectual property and proprietary rights may
not adequately protect our products and services; and other factors
detailed in the Risk Factors section of our Annual Report on Form
10-K for the year ended December 31,
2019, which is on file with the Securities and Exchange
Commission (SEC), and as updated in future filings with the SEC
including the Quarterly Report on Form 10-Q for the quarter ended
September 30, 2020. These
forward-looking statements speak only as of the date hereof or as
of the date otherwise stated herein. GoPro disclaims any
obligation to update these forward-looking statements.
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SOURCE GoPro, Inc.