- GoPro has continued to show its turnaround is underway with its Q2 report showing the largest outperformance in the last several years.
- The turnaround is centered on its direct-to-consumer sales pipeline and attachment to its Plus subscription service.
- That high margin service is now becoming a meaningful amount of revenue and is growing faster than the rest of the business.
- The traction on the turnaround is proven by its 40%+ gross margins, bringing me to go long for the first time in years.
For further details see:
GoPro: The Subscription Business Is For Real