GoPro Has Trouble Sustaining Its Growth

On Wednesday evening, GoPro, the maker of portable action cameras that went public in 2014, released a statement saying it was cutting about 7 percent of its workforce. While officially labeled as a reallocation of resources, it’s hard not to read something into it, when the company announces its first-ever quarterly sales decline at the same time.

Looking at GoPro’s revenue growth since 2010, it appears as if the company is having trouble sustaining its growth. While it’s normal for growth rates to come down after a period of massive growth, the drop off in GoPro’s rate of revenue growth is rather steep. The company’s stock has been under pressure since autumn, when the company had (twice) slashed the price of the ultra-compact HERO4 Session camera just months after its July launch.

Description

This chart shows GoPro's revenue growth since 2010.

Download Chart
Premium statistics
Number of GoPro units shipped worldwide 2014-2023
Premium statistics
Global revenue of GoPro 2012-2023, by region
Premium statistics
Ad spending of GoPro worldwide 2012-2023
Premium statistics
Global revenue of GoPro 2012-2023
Premium statistics
R&D spending of GoPro worldwide 2012-2023
Premium statistics
Global revenue share of GoPro 2014-2023, by region

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

Statista Content & Design

Need infographics, animated videos, presentations, data research or social media charts?

More Information