Fitbit reports 10% spike in revenue for Q1: 4 notes

Jackie Drees - Print  | 

Fitbit's new devices contributed to more than half of the company's revenue for the first quarter of 2019, which increased 10 percent year over year.

Four notes on the company's financial performance for the first quarter of 2019:

1. Fitbit posted $272 million in revenue, up 10 percent from $247 million during the same time last year.

2. The company's devices sold increased 36 percent year over year to 2.9 million.

3. Devices released within the past year attributed to 67 percent of Fitbit's revenue.

4. Fitbit expects its revenue for year over year to be between $305 million and $320 million, a 2 percent to 7 percent increase.

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