News |GoPro posts robust growth after restructure

GoPro posts robust growth after restructure

GoPro Hero5 Black

GoPro’s revenue has increased by more than a third on the year following its recent decision to restructure the company, according to Q2 figures.

GoPro posted revenue of $297 million in Q2 2017, a 34% increase in over the same period last year and a 365 increase over Q1.

What’s more, GoPro reported its global sell-through of cameras has increased by 18%, with a 39% reduction in inventory quarter-over-quarter. GoPro notes that this positions the company well for new product launches.

GoPro is expected to formally launch the 5.2K Fusion VR camera and a new GoPro Hero6 Black model sometime this year.

Another interesting figure from the report is that more than 50% of GoPro’s revenue was generated in sales outside the United States. In Japan, sales were up 164%.

The change in fortune marks a dramatic turn from the company, which suffered big losses last year in the wake of an initial recall of its Karma drone. GoPro ended up laying off more than 200 of its employees.

Via DPReview

How to shoot a Time Lapse Video with a GoPro Hero5 Black


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