GoPro shares jumped 20% in after‑hours trading after its board authorized a strategic review that may lead to a sale or merger.
Q1 2026 revenue fell 26% YoY to $99 million, with GAAP gross margin plunging to 4.3% and net loss widening to $81 million.
The company engaged Oliver Wyman for defense‑aerospace expansion and will hire independent financial and legal advisors for the review, with no timetable.
CEO Nicholas Woodman highlighted GoPro’s 24‑year technology assets, while the May launch of MISSION 1 Series cameras entered the high‑end 8K/4K market.