Report
David Jelly

GoPro: Inline Quarter but Muted Interest in HERO6

Summary:
Analyzing web crawled data we show estimates of GoPro’s market share and average selling price remain stable on a quarterly basis. Google search data has trended lower, despite the launch of the HERO6. indicating weakening demand.

Eagle Alpha Insight
Our data supports current market expectations for Q3’17 YoY revenue growth in line with Q2’17. However, end demand appears to be soft and could pressure sales in coming quarters.

Underlying
GoPro Inc. Class A

GoPro makes cameras, and mountable and wearable accessories. The company sells its products globally through retailers, distributors and on gopro.com. The company's products include: HERO8 Black, which is a camera featuring HyperSmooth 2.0 image stabilization, TimeWarp Video 2.0, built-in mounting, live streaming, cloud connectivity, voice control, improved audio and touch display; MAX, which is a 360-degree waterproof camera featuring MAX HyperSmooth image stabilization, 360-degree MAX TimeWarp Video, MAX SuperView, PowerPano, built-in mounting, audio, live streaming, voice control and a front facing touch display; and GoPro Plus, which is a subscription service that provides a camera protection plan.

Provider
Eagle Alpha
Eagle Alpha

Company Overview

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Analysts
David Jelly

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