GoPro, Inc. 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- GoPro launched the Mission One series cameras in Q2 2020, including the Mission One Pro and Mission One cameras, with pricing starting at $499 for existing subscribers.
- The Mission One series received multiple Editor's Choice Awards and strong recommendations from major digital imaging outlets.
- GoPro expanded the Mission One lineup with special editions and new accessories such as the Mission One Pro Creator Edition, Mission One Pro Ultimate Creator Edition, wireless mic Complete kit, Light Mod 2, Media Mod, and Volta 2 battery grip.
- The Mission One Pro ILS, an interchangeable lens system camera supporting over 300 micro 4/3 lenses, is scheduled for launch in September 2020.
- GoPro's subscription attach rate reached a record 69% in Q2 2020, up from 54% in the same period last year, with retention at 67%.
- GoPro is developing a tech-enabled motorcycle helmet with AGV, which recently achieved EC 22.06 Safety Standard Compliance.
- A major firmware update for the Max 2 360 camera was released in June 2020, adding professional image quality improvements and creative controls.
- GoPro's strategic review process to evaluate a potential sale or other alternatives is in later stages and has full support from CEO Nicholas Woodman.
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Transcript
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I will now hand the conference over to Robin Stoecker, Director of Corporate Communications. Robin, please go ahead. Thank you, Pascal.
Good afternoon, and welcome to GoPro's second quarter 2026 earnings conference call. With me today are GoPro's CEO, Nicholas Woodman, and CFO, Brian McGee. Today's agenda will include brief commentary from Nick, followed by Q&A. For detailed information about our second quarter performance, please read our Q2 2026 earnings press release we've posted to the investor relations section of GoPro's website. Before I pass the call to Nick, I would like to remind everyone that our remarks today may include forward-looking statements. Forward-looking statements and all other statements that are not historical facts are not guarantees of future performance and are subject to a number of risks and uncertainties, which may cause actual results to differ materially. Additionally, any forward-looking statements made today are based on assumptions as of today.
This means that results could change at any time, and we do not undertake any obligation to update these statements as a result of new information or future events. To better understand the risks and uncertainties that could cause actual results to differ from our commentary, we refer you to our most recent annual report on Form 10-K for the year ended December 31, 2025, which is on file with the Securities and Exchange Commission and other reports that we may file from time to time with the SEC. Today, we may discuss gross margin, operating expense, net profit and loss, adjusted EBITDA, as well as basic and diluted net profit and loss per share in accordance with GAAP and on a non-GAAP basis.
A reconciliation of GAAP to non-GAAP operating expenses can be found in the press release that was issued this afternoon, which is posted on the investor relations section of our website. Unless otherwise noted, all income statement-related numbers that are discussed in the management commentary, other than revenue, are non-GAAP. Now, I will turn the call over to GoPro's founder and CEO, Nicholas Woodman.
Thanks, Robin, and thanks everybody for joining us today. As Robin mentioned, for detailed information about our second quarter performance, please refer to our Q2 2026 earnings press release issued today and subsequent 10-Q filing. Today, I will share brief remarks that are focused on our products and the strategic initiatives we are driving forward. In May, GoPro's Board of Directors authorized a process to evaluate a potential sale of the company and other strategic alternatives aimed at maximizing shareholder value. The inquiries we have received span the defense, consumer, and financial sectors, and we are in the later stages of the process. As I have shared, this process has my full support. In Q2, we delivered the MISSION 1 series to the world.
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