GoPro Stock Is on the Move After Earnings. Here's Why.

GoPro (NASDAQ: GPRO), one of a clutch of 2025-edition meme stocks that surged in price earlier this summer, hasn't been going very far this week. On Monday evening, the company published its latest quarterly earnings report, and this sapped any energy left in that meme rally. The following day, the stock suffered a nearly 4% decline, and in reading that earnings report, we can see why. Firstly, in line with several previous quarters, GoPro again reported a significant decrease in revenue. Its top line eroded by 18% year-over-year to land at $153 million. That was due largely to sales of its core product, action cameras, sliding by 23% to roughly 500,000 units. Subscription and service revenue, a relatively small but critical contributor to the top line, went sideways at $26 million. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool