A GoPro camera is seen in this illustration photo January 9, 2018. REUTERS/Thomas White/Illustration
May 3, 2018
(Reuters) – Action-camera maker GoPro Inc reported a 7.4 percent drop in first-quarter revenue on Thursday, as the company struggled to drive demand for its flagship cameras.
GoPro — whose cameras are used by surfers, skydivers and other action junkies — said revenue fell to $202.35 million from $218.61 million.
The company’s net loss narrowed to $76.3 million, or 55 cents per share, in the quarter ended March 31, from $111.2 million, or 78 cents per share, a year earlier.
(Reporting by Anirban Paul in Bengaluru; Editing by Arun Koyyur)
