SAN MATEO, Calif. (BRAIN) — GoPro revenue increased slightly in the fourth quarter year-over-year but declined 19% for the year as the camera brand announced its AI-enabled processor will be spec'd in some cameras in the second quarter.
Quarterly revenue was $201.6 million, compared with $200.8 at the same time last year. For 2025, revenue was $652 million, compared with $801 million in 2024. Sell-through for the fourth quarter was about 625,000 units, down 19%. For the year, it was down 20% with about two million units.
"Looking ahead to Q2 2026, we're excited to launch GP3, our new, next-generation AI-enabled image processor that will power several new GoPro cameras this year," said Nicholas Woodman, GoPro founder and CEO. "GP3 enables a more premium camera lineup with category-leading image quality and processing performance, positioning GoPro to compete at even higher tiers of the digital imaging market while fortifying a leadership position in our existing product categories. With our first GP3-powered cameras launching in Q2 2026, GoPro is entering a new era of performance and innovation that we believe will expand our (total addressable market) and strengthen our financial performance."
Fourth-quarter GAAP net income loss was $9.1 million ($0.06 loss per share), compared with $37 million ($0.24 loss per share) at the same time last year. GAAP net income loss for 2025 was $83.3 million ($0.59 loss per share), compared with $432 million ($2.82 loss per share).
Subscription and service revenue in the quarter was down 3% year-over-year at $27 million. Subscribers were down 7% at the end of the year at 2.36 million.
Retail channel revenue was $154 million (76% of total revenue), which increased 3% year-over-year. GoPro.com revenue, including subscription and service revenue, was $48 million, or 24% of total revenue, decreasing 6% year-over-year.
GoPro's corporate headquarters are in San Mateo. Its stock is traded on NASDAQ under the GPRO symbol. GoPro stock quote at Marketwatch.com.
