GoPro has announced two new cameras despite seeing revenues plunge over the last three months

Mark Sands
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GoPro still beat analyst expectations, despite falling revenues (Source: Getty)

Plunging revenues have not been enough to halt optimism at camera maker GoPro.

The US firm has announced plans to launch a consumer drone and the latest version of its wearable cameras by the end of the year.

It comes despite the firm revealing a second quarter loss of $91.7m (£69.4m), compared to an equivalent figure of a $35m profit last year.

Similarly, revenues tumbled 47 per cent on a year-on-year basis, dropping to $220.8m, down from $419.9m last year.

However, the figures were nonetheless enough to beat analyst expectations.

According to Yahoo Finance, average estimates from analysts had included revenues of $194m.

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