By Katherine Hamilton

GoPro recorded a wider loss and a drop in sales during the first quarter, as the company reviews a possible sale or merger.

The wearable camera maker on Monday posted a loss of $80.8 million, or 50 cents a share, in the quarter ended March 31, compared with $46.7 million, or 30 cents a share, a year earlier.

Stripping out certain one-time items, the adjusted per-share loss was 35 cents.

Revenue slid 26% to $99.1 million.

Sales from GoPro's retail channel fell 35%. Subscription and service revenue was roughly flat, while the number of subscribers fell 8%.

GoPro said it engaged defense consulting firm Oliver Wyman to support the company's efforts to expand into the defense and aerospace industries. The consultant is helping to assess addressable market segments and strategies for diving into the imaging and unmanned industries.

After engaging Oliver Wyman, GoPro said it received multiple unsolicited inquiries. It is currently reviewing those inquiries, which could include the evaluation of a sale or merger, GoPro said.

"Q1 and the weeks since have been a pivotal period for GoPro," Chief Executive Nicholas Woodman said. "Our exploration of defense, aerospace and strategic M&A opportunities reflects our belief that there is significant unrealized value in GoPro's technology, IP and brand."

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 11, 2026 16:42 ET (20:42 GMT)

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