One of the most important elements to the GoPro brand is their consumers, says GoPro Inc. GoPro’s growth opportunity is driven by content creators that are willing to put themselves out there.
MORE ON GOPRO
- GoPro HERO4 Demo Experience at 17 Marriott Hotels and Resorts (VIDEO)
- GoPro CFO Comments on GoPro Strategy 2015
- NHL Game Changing Hockey Partnership with GoPro (VIDEOS)
Analysts expected earnings per share for the third quarter to grow to 0.69 cents each. Adjustments in revenue are lower, but yield approximately at $572 million. For Q4, projected earnings are at 17 cents per share and revenue of $323 million. Ultimately, the company rating remains stable and the $57 per share price target on GoPro continues to hold.
According to investors, the revenue growth of 46% year-over-year in Q3 barely settled investors’ anxieties. GoPro issued guidance on $47 million ahead of analyst estimates for the holiday quarter, shares have continued to slope under.
According to GoPro, product shipments will rise by about 43% year-over-year to 2 million. Evidently, the Hero4 line indicated that stock-outs were propitious for the Black edition – the most expensive model yet. Strong demand in their products occurred around midyear in almost every region in the United States.
One of the big and best parts, and most important parts, about our brand is our consumers — the consumers that are going out there, using our cameras, and creating this amazing content.
GoPro, Inc.
GoPro intends to boost community feedback and ascend consumer content through YouTube. Currently, a staggering 2.6 million followers on the channel is a big reason the brand is able to connect with millions of people.
What does this mean for GoPro and Followers in 2015?
- Partnership with big names in sports; NHL, X Games, and more
- Smart TV partnerships; LG
- Software and Firmware upgrades
- Xbox One and Xbox 360 compatibility
- Growing number of channels; Virgin, YouTube, and more
Featured Image: GoPro
