For the second quarter of 2024, GoPro expect to deliver revenue of approximately $170 million, down 29% year-over-year. GoPro estimate Street ASP in the second quarter to be approximately $330, down 4% year-over-year.
The revenue outlook for the second quarter is reduced by $20 million due to the push of new entry-level camera to the third quarter.
GoPro is factoring in a delayed launch of new entry-level camera from Q2 2024 to Q3 2024, and new 360 camera to late Q4 2024. This is expected to negatively impact revenue in a range of $65 to $85 million in 2024.