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GoPro's Nick Woodman is happy he gave away a million dollars
GoPro's Nick Woodman is happy that there's nothing to report. After an eventful few years, 2018 was pretty much back to business as usual. That doesn't mean it was an uneventful 12 months though. The Hero 7 Black landed with a (stabilized) splash, and the company embarked on a new endeavor: The Million Dollar Challenge, that gave GoPro Hero 7 Black users the chance to claim a slice of the seven-figure prize pool. In our stage interview here at CES, Woodman (joined by one of the winners) explains how it could well be one of the best ideas they ever had.
GoPro's Nick Woodman confirms he's 'open' to selling
It's barely the second week of 2018, and GoPro's already been through the media mill. Reports first surfaced that the company was about to begin another round of layoffs, and that it would shutter its drone business for good. Those proved to be true. Then, just two days ago, a second story claimed that GoPro was actively looking to sell off its business.
CNBC: GoPro is putting itself up for sale
Hot on the heels of GoPro announcing plans to fire up to 300 people and pull out of the drone business is the news that the company may put itself up for sale. CNBC is reporting that the action-camera maker has enlisted the services of JPMorgan Chase to help it find a potential buyer. Earlier in the day, the outlet reported that CEO Nick Woodman would "look at" opportunities to "unite with a bigger parent company." At this time, it's not clear if other parties are interested or how much it would cost to swallow the brand.
The Hero 6 and 'GP1' is GoPro's chance to grow again
"When I first was listening to our team's desire to make a chip, I felt a bit of anxiety, like, are we getting a bit ahead of ourselves? This might be beyond what our capabilities are," Nick Woodman, GoPro founder and CEO, told me in a rare break from his boyish bombast.
GoPro Hero 6: 4K 60 FPS, better stabilization and HDR photos
When GoPro hosts an event in the fall, you get no prizes for guessing what's coming. CEO Nick Woodman just revealed the Hero 6 here in San Francisco, to no one's surprise. What is surprising (if you ignored the leaks) is that the new camera has one big, largely invisible change: the image processor (which GoPro is calling the GP1). We'll get to why that's important in a bit.
GoPro bets its near future on the Hero6 and Fusion cameras
Ever since becoming a publicly traded company in 2014, GoPro hasn't had the most positive financial results. The camera maker has been struggling to be profitable, as shown by its past few quarterly earning reports, but its future isn't completely bleak. Today, GoPro exceeded Wall Street expectations, thanks to $296.5 million in revenue during Q2 2017, versus the roughly $270 million the market anticipated -- it's also a huge jump over the $220.8 from the same quarter last year. That said, GoPro still isn't profitable, since it reported yet another revenue loss. This time however, it was $30.5 million, which is much less than the 91.8 second-quarter loss in 2016. In other words, at least it's moving in the right direction.
GoPro cuts another 270 jobs
Despite a disappointing earnings report at the end of 2016, GoPro now expects to land "in the upper end" of its revenue goals for the first quarter of 2017 -- somewhere in the neighborhood of $190 million to $210 million. That's the good news. The bad news, according to an announcement distributed to investors Wednesday, is that the company will lay off or eliminate another 270 jobs or open roles as it continues to look for ways to reduce operating expenses.
GoPro is planning to release a Hero6 camera in 2017
If you've been following GoPro for the last few months through its Hero5 production issues and Karma drone recall (now back on shelves), you're probably not surprised by a disappointing earnings report showing a net loss of $116 million. Now, the company has closed offices and shut down its entertainment division with an eye towards returning to profitability this year. Of course, for fans of its products, the question is what new devices are on the way, and while CEO Nick Woodman didn't drop any specific details, he did confirm that there will be a new Hero6 action camera this year.
GoPro CEO: Karma returning as the 'ultimate GoPro'
2016 was a tough year for GoPro. I spoke with the company's founder and CEO, Nick Woodman, about the challenges surrounding that Karma recall, how the company hopes to come back from that and future plans for 2017. Woodman wasn't shy about admitting the recall was "embarrassing." But he's optimistic that there's still a place for Karma. The company is determined not just to put it back on the market but make it more competitive than before with new features and updates -- potentially as soon as its relaunch (likely in February).
Making Karma: Behind the scenes with GoPro's camera drone
A typical GoPro camera launch is much how you'd imagine it to be: Extreme sport athletes perform for the press at a beautiful outdoorsy location. But where I am today is not a typical GoPro launch. That won't happen for a few weeks yet, when CEO and founder Nick Woodman will present the company's much-anticipated Karma drone to the world. Karma's reveal will be the climax to one of GoPro's most scrutinized business moves yet. After multiple delays and much investor speculation, it's important that GoPro get this one right. Will Karma silence GoPro's doubters, or give them more to talk about? Engadget spent some time behind the scenes during Karma's crucial final stages to find out.
GoPro is axing budget Hero line, confirms 'connected' Hero5
GoPro had its most challenging year yet in 2015, after a less than successful Hero4 Session launch, a slump in share price, and a swelling product line that confused some customers. To rectify that, the company is pruning back its camera range to just three models (again): The Hero4 Session, Silver and Black. GoPro CEO Nick Woodman also confirmed the next camera will be the "the most connected and convenient GoPro ever made. Hero5." Not a Hero4+ or new Hero4 Session. The entry-level Hero line is being axed in April, the Hero5 will arrive "later this year," Woodman said during the company's latest earnings call.
Nick Woodman talks Karma and the future of GoPro
GoPro head honcho Nick Woodman joined Engadget on stage at CES, and took the chance to tease more info about the much talked about quadcopter, Karma. Not much is known about how it will look, but Woodman explained that "We make everything backwards compatible, our goal is that your older GoPro will work with anything new we make, and vice versa." Near confirmation that Karma will work with its existing line of cameras, and won't have one built in.
