- The duo have announced updates to its video updating app via this collaboration
- GoPro’s revenue for Q1 2019 was $243 million, up 20 per cent year-over-year
Action cameras company GoPro has announced its collaboration with Quik Apps. The duo under this collaboration has released updates to GoPro video editing app that is compatible with smartphones.
Company’s official statement read, “GoPro app users will immediately notice design updates, from a visual refresh and a more modern UI to a more intuitive navigation. But the real fun begins with the updates to the storytelling experience, with an improved Quik Story multi-clip workflow, which enables the GoPro app to better identify meaningful moments in your footage and suggest awesome story compilations of your photos and videos, automatically. These stories will include recently-shot GoPro content and users can also add any photo or video saved in the media library of their smartphone.”
Revenue during Q1 2019
The company’s revenue for Q1 2019 was $243 million, up 20 per cent year-over-year. GoPro’s Plus subscription service surpassed 220,000 active paying subscribers as od 8 May 2019, up over 10 per cent since our Q4 2018 earnings release dated February 6, 2019, and up more than 50 per cent year-over-year.
“GoPro grew first quarter revenue 20 per cent year-over-year thanks to strong global demand for our products,” said founder and CEO Nicholas Woodman. He added, “We are innovating in all areas of our business and driving disciplined expense and inventory management. We believe this, combined with the release of exciting new products, will drive continued growth and as a result we are raising revenue and full-year non-GAAP profitability guidance for 2019.”
Mix and match filters
A new capability of the GoPro app, as per the company, is the ability to mix and match filters in a single QuikStory. The company said that this latest update hands users the keys to more than 20 filter options and the license to apply multiple filter types within the same multi-clip video. The result is a highly-customizable editing experience with infinite creative options.
GoPro’s official statement read, “The GoPro app update offers additional creative flex by removing draft limitations of the previous editing model. Now your QuikStory video will remain in an always-editable format so you can go back and make changes at any time. This new functionality is a critical improvement from the previous Quik pass-through workflow, providing GoPro app users with a more powerful way to manage their media and update their edits on-demand.”
