GoPro Inc. (GPRO) shares tumbled 5.24% in after-hours trading on Monday following the release of its first-quarter 2025 financial results and second-quarter guidance that fell short of expectations. The wearable camera maker reported a narrower loss but saw a significant decline in revenue, signaling ongoing challenges in the consumer electronics market.

For the first quarter, GoPro reported a net loss of $46.7 million, or $0.30 per share, compared to a loss of $339.1 million, or $2.24 per share, in the same period last year. On an adjusted basis, the company posted a loss of $0.12 per share, in line with analysts' expectations. Revenue fell to $134.3 million from $155.5 million a year earlier, with retail revenue, which accounts for more than half of the company's sales, dropping 12% year-over-year.

Adding to investor concerns, GoPro provided a weak outlook for the second quarter, forecasting revenue between $135 million and $155 million, and adjusted earnings per share between a loss of $0.11 and $0.03. This guidance falls below market estimates, reflecting ongoing macroeconomic uncertainties and competitive pressures. The company also announced that it expects lower unit sales and revenue for the full year 2025 compared to 2024, citing an uncertain macroeconomic environment, increased competition, and the delay of its new 360 camera launch. Despite these challenges, GoPro CEO Nicholas Woodman expressed optimism about the company's future product pipeline, stating, "We believe the new products we have planned for the balance of 2025 and 2026 set us up for a return to growth in revenue and profitability."