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Wireless

Fitbit shipments fall 26% in Q1, revenues down 31%

Thursday 7 May 2020 | 10:50 CET | News
Fitbit reported device shipments down 26 percent year-on-year in the first quarter to 2.2 million, hurt by fewer new product launches and the Covid-19 outbreak. Revenues fell 31 percent to USD 188.2 million, and the adjusted EBITDA loss widened to USD 75.6 million from USD 43.2 million a year ago, while the net result improved to a profit of USD 20.3 million from a loss of USD 79.5 million a year earlier. 

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Categories: Mobile & Wireless
Companies: Fitbit
Countries: World
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