GoPro, Inc. (NASDAQ:GPRO) Q2 2023 Earnings Call Transcript

Martin Yang: Got it. Thank you very much. A quick second question is can you share your updated view on the competitive landscape, and more recently, we saw a competitor — smaller competitor over announcing their new generation of cameras. Do you have a view on — the new term computer landscape and overall how are you seeing, you’re performing on both a lower price tier and higher price?

Nicholas Woodman: We feel really good. We take our competitors very seriously. We’ve always had competition at GoPro and it drives us to passionately develop the highest performance products that we can and then also offer them at a really astounding value to consumers so that we never lose our leadership position. And we’re aware of new competitive product that comes out and we feel really, really, really good about how we stack up not only with our existing products, but also with what we have planned for launch a little bit later this year. So, all good on that front, but, no, we don’t take competition lightly. It’s what drives us and we can — our consume — our customers can thank our competition for where GoPro is today because it really pushes us to be best-in-class.

Martin Yang: Thanks Nick.

Nicholas Woodman: Yes. There — I wouldn’t factor in any change in your outlook for GoPro based on anything new that’s come out competitively.

Martin Yang: Got it. Thank you.

Operator: This concludes our Q&A. I’ll now hand back to the management team for closing remarks.

Nicholas Woodman: Thank you, Elliot and thank you everybody for joining today’s call, as I said earlier, we’re excited for our upcoming launch and holiday season, and we look forward to updating you on our next earnings call. Between now and then, we’ll be presenting at the Oppenheimer 26th Annual Technology Internet & Communications Conference next week. And thanks again for joining today’s call. This is team GoPro signing off.

Operator: Ladies and gentlemen, today’s call is now concluded. We’d like to thank you for your participation. You may now disconnect your lines.