GoPro Shares Surge Nearly 32% On Better-Than-Expected Subscription Numbers

GoPro Inc (NASDAQ: GPRO) shares surged about 31.9% in Wednesday’s regular and after-market sessions as the adventure camera maker said there was “high demand” for its Hero9 Black product.What Happened: The demand for Hero9 Black has increased the number of GoPro subscribers to more than 500,000, GoPro said in a statement.”Our paid GoPro subscriber count is ahead of where we expected to be at this time and bodes well for us to exceed our previously-stated target of 600,000 to 700,000 paid subscribers by year-end,” said GoPro CEO Nicholas Woodman.GoPro said the vast majority of consumers buying the new $350 camera …read more

Source:: Yahoo Finance

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