GoPro’s Revenue Increases in the Fourth Quarter of 2018

1. GoPro’s Revenue Increases in the
Fourth Quarter of 2018
By: Mohsen Motamedian

2. GoPro’s Revenue Increases in the Fourth Quarter of
2018
A graduate of California State University, Long Beach, Mohsen Motamedian works full-time at
PCBASE USA, where he oversees the company’s purchasing and sales division. Mohsen “Max”
Motamedian supervises the sale of computer products and other electronics, such as cameras.

3. GoPro’s Revenue Increases in the Fourth Quarter of
2018
GoPro, founded by surfer, skier, and motorsports enthusiast Nick Woodman, is one of the most
popular manufacturers of cameras today. The company has a worldwide consumer base and has
sold more than 26 million cameras in over 100 countries.

4. GoPro’s Revenue Increases in the Fourth Quarter of
2018
While the journey hasn’t always been profitable for GoPro, the company has been making
significant changes to its operations to improve financial results. In the fourth quarter of 2018,
GoPro generated revenue of $337 million, up 13 percent from last year, and netted a profit of $32
million, which was a complete turnaround from its net loss of $56 million in Q4 2017.

5. GoPro’s Revenue Increases in the Fourth Quarter of
2018
Part of the success was attributed to the sale of Hero 7, which garnered 20 percent more sales in
Q4 2018 than Q4 2017. Hero 7 Black is the fastest-selling camera so far in GoPro’s lineup. The
company also increased the number of customers who subscribed to its cloud storage service,
which brought in even more revenue.