GoPro’s holiday season was even worse than the company predicted
Yesterday, GoPro released its final financial figures for the last quarter of 2017, giving us a wholesale look at how the company performed across the year, including how it finished during the holiday stretch. The results aren’t as bad as they were during the company’s awful 2016, but they’re not great either.
GoPro had already guessed in November that it was in for an underwhelming fourth quarter, and that was two months before it canceled the Karma drone and laid off hundreds of employees. When the company announced that news in January, GoPro reduced its expectations again. What was supposed to be a quarter with $470 million in revenue was now only supposed to generate about $340 million. Yesterday’s final results show GoPro even…
