GoPro Tops Half a Million Subscribers: Should Investors Care?
GoPro's (NASDAQ: GPRO) stock recently popped after the action camera maker announced that "high demand" for its new HERO9 Black camera had boosted its total number of paid subscribers past 500,000. CEO Nick Woodman also declared GoPro would exceed its "previously stated target of 600,000 to 700,000 paid subscribers by year-end."
That growth rate sounds impressive, but will it actually move the needle for GoPro's stock, which has tumbled more than 80% over the past five years?
GoPro's paid subscription package includes unlimited cloud storage for a user's content, a live-streaming service, a "no questions asked" replacement plan for damaged cameras, and discounts on GoPro's products. The plan costs $4.99 per month or $49.99 per year.
Source Fool.com
