GoPro Q1 revenue falls 26%, margin weak at 4.3%, explores sale amid ongoing losses.

GoPro reported a 26% drop in Q1 revenue and a weak gross margin of 4.3%, continuing to face significant financial challenges. Despite cost-cutting efforts, the company still experiences negative adjusted EBITDA and persistent cash burn. The board and CEO are now considering strategic alternatives, including a potential sale, to preserve the brand's value amid shrinking business. However, uncertainty remains about any turnaround or acquisition prospects, leading some investors to stay cautious.