GoPro Subscribers Top 2M for $100M Annual Revenue, Says CFO

GoPro’s high-margin subscription service topped 2 million subscribers, said the company Tuesday. The GoPro subscription, $50 a year, includes unlimited cloud storage, the ability to automatically upload footage to the cloud, editing tools in the Quik app, a private livestreaming platform, damaged-camera replacement and discounts on accessories, the company said. Revenue from the 2 million subscribers delivers $100 million annually, with gross margin of 70-80%, said GoPro Chief Financial Officer Brian McGee.