Which includes our updated strategy that we believe will accelerate growth in units, subscribers, revenue, adjusted EBITDA and earnings.ĭemand for our products during Q1 exceeded expectations. I encourage everybody to spend some time reading the details of our management commentary that is posted on our IR website. I'm going to briefly cover the highlights from our posted management commentary before Brian and I take questions. Thank you, everyone, for joining us today. Now I'll turn the call over to GoPro's Founder and CEO, Nicholas Woodman. Unless otherwise noted, all income statement-related numbers that are discussed in the management commentary and remarks made today other than revenue, are non-GAAP. A reconciliation of GAAP to non-GAAP operating expenses can be found in the press release that was issued this afternoon which is posted on the Investor Relations section of our website. Today, we may discuss gross margin, operating expense, net profit and loss, adjusted EBITDA as well as basic and diluted net profit and loss per share in accordance with GAAP and on a non-GAAP basis. To better understand the risks and uncertainties that could cause actual results to differ from our commentary, we refer you to our most recent annual report on Form 10-K for the year ended December 31, 2022, which is on file with the Securities and Exchange Commission and other reports that we may file from time to time with the SEC. This means that results could change at any time, and we do not undertake any obligation to update these statements as a result of new information or future events. Additionally, any forward-looking statements made today are based on assumptions as of today. ![]() Forward-looking statements and all other statements that are not historical facts are not guarantees of future performance and are subject to a number of risks and uncertainties, which may cause actual results to differ materially. For detailed information about our first quarter 2023 performance and our outlook, please read the management commentary we posted to the Investor Relations section of GoPro's website.īefore I pass the call to Nick, I'd like to remind everyone that our remarks today may include forward-looking statements. Today's agenda will include a brief introduction from Nick, followed by Q&A. With me today are GoPro's CEO, Nicholas Woodman and CFO and COO, Brian McGee. Good afternoon, everyone, and welcome to GoPro's First Quarter 2023 Earnings Conference Call. (Operator Instructions) I will now hand you over to your host, Christopher Clark, Vice President of Corporate Communications, to begin. ![]() My name is Sam, and I'll be coordinating your call today. Hello, everybody, and welcome to GoPro's First Quarter 2023 Earnings Conference Call. ![]() Sabrina Elizabeth Hao Research Associate Morgan Stanley, Research Division Woodman Founder, CEO & Chairman GoPro, Inc. McGee Executive VP, CFO & COO GoPro, Inc.Ĭhristopher Clark VP of Corporate Communications GoPro, Inc.
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