GoPro (GPRO) – Get Report shares rose on Thursday after the video-products company reported record online sales for the Black-Friday-to-Cyber-Monday period.
That pushed its subscriber count above 670,000, GoPro said.
“GoPro.com performed as we expected, handily breaking sales records over the Black Friday-Cyber Monday period, thus ensuring we’ll finish the year with well over 700,000 subscribers,” Founder and Chief Executive Nicholas Woodman said in a statement.
GoPro ended the third quarter with 501,000 subscribers, up 35% sequentially and 65% from a year earlier.
“We are confident about our ability to exit 2020 with low channel inventory and a promising outlook for 2021,” Woodman said.
GoPro also said this week that its camera sales have exceeded 40 million since the debut of its first high-definition model in 2009.
The company’s stock recently traded at $8.11, up 4.1%. It has surged 87% year to date. A month ago it touched