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GoPro makes first profit since 2017, kudos to the Hero 7

GoPro Hero7

A very strong holiday season for GoPro’s newest Hero 7 lineup of cameras has helped the camera maker turn its first quarterly profit since the third quarter of 2017, the company announced on Wednesday. GoPro pulled in $377 million in revenue in the fourth quarter of last year, and it walked away with a $32 million profit.

This marks the second time GoPro has turned a profit since the third quarter of 2015, back before the company’s ill-fated attempt at entering the drone market.

The company also announced that it will move its US-bound camera production from China to Guadalajara, Mexico, in the second quarter of this year. The company announced in December that it was moving some production due to the ongoing trade war with China.

“We’re encouraged by the momentum,” GoPro CEO Nick Woodman said on a call with investors. “GoPro’s brand has never been stronger, our product never better, and we’re fired up for the year ahead.”

The Hero 7 Black was announced in September of last year. While it hews closely to the design of its two predecessors, the Hero 5 and Hero 6 Black, the company’s newest flagship offered a number of internal improvements and new features.

Read More: The Verge

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