Market Overview

GoPro Announces Strong Viewership Numbers, Stock Jumps

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GoPro Announces Strong Viewership Numbers, Stock Jumps

GoPro Inc (NASDAQ: GPRO) announced Tuesday that "users are watching an average of 25 minutes of GoPro videos during each viewing session on the Xbox console. Zander Lurie, GoPro's SVP of Media, said GoPro has had 1 million downloads in the Xbox community. On YouTube, the GoPro channel has 2.7 million subscribers.

GoPro Channel will also soon be available on Roku, a move that extends its content to more viewers. The GoPro Channel is available on Xbox, LG Smart TVs and in-flight Virgin America, and social media channels including YouTube, Facebook, Twitter, Instagram, Vimeo and Pinterest.

Earlier this month, analysts at JMP Securities cited GoPro's media capabilities as a reason they believe the stock will double.

Shares of GoPro recently traded at $40.65, up $1.28 (3.2 percent).

Posted-In: Roku xboxNews Movers Tech Best of Benzinga

 

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