Connected Fitness Subscribers

Revenue segments as reported by the company.

Connected Fitness Products

Subscription

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Goodwill impairment

Impairment expense

Restructuring expense

Supplier settlements

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Peloton

Peloton Interactive, Inc. operates an at-home fitness platform for live and on-demand indoor cycling classes. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its members. It operates through two reportable segments: Connected Fitness Products and Subscription. The Connected Fitness Product segment consists of sales of bike, tread & related accessories. The Subscription segment involves the monthly subscription and credits from live studio classes. Peloton Interactive was founded by John Foley, Graham Stanton, Thomas Cortese, Yony Feng and Hisao Kushi in 2012 and is headquartered in New York, NY.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Peloton reports progress towards free cash flow break-even and international growth opportunities

Peloton's Q1 2023 earnings call highlighted progress towards free cash flow break-even, challenges related to subscriber growth and churn behavior, and opportunities for international growth and an asset-light model. The company emphasized its brand repositioning, competitive advantages, and the importance of engagement in shaping churn behavior.

Peloton maintains revenue stability, faces delivery delays, and operational challenges

Peloton's Q2 2023 Earnings Call highlighted steady revenue projections, operational challenges in delivery delays, and a focus on balancing growth and free cash flow objectives. The company's strengths include a dedicated team, successful content, and instructor strategies, while facing challenges in forecasting post-pandemic consumer behavior and managing churn rates.

Peloton progresses towards free cash flow break-even amid strategic shifts

Peloton's Q3 2023 earnings call highlighted progress towards free cash flow break-even, a strategic shift towards a subscription-based model, and a focus on customer engagement and retention.
The company's strengths lie in its app-centric strategy, content quality, partnerships, and focus on customer lifetime value, while facing challenges in seasonality, churn dynamics, and operational optimizations.
Opportunities for Peloton include app launch, international expansion, subscription model transition, and strategic trade-offs to enhance profitability and drive growth through content innovation and customer acquisition strategies.
Overall, Peloton's performance reflects a balanced approach towards financial sustainability, growth, and customer-centric strategies to navigate challenges and capitalize on opportunities in the fitness and digital content market.

Peloton reports strong sales and optimistic growth outlook for '24

Peloton's Q4 '23 Earnings Call highlighted strong sales performance and positive free cash flow expectations.
The company faces challenges from unexpected issues but remains optimistic about growth initiatives and future prospects.
Key strengths include successful brand relaunch, Digital app performance, and focus on user retention strategies.
Opportunities for growth include expanding co-branded bikes, optimizing marketing strategies, and driving user engagement.

Peloton reports strong Q1 earnings, eyes FaaS growth optimization

Peloton's Q1 earnings call highlighted robust revenue growth, positive engagement trends, and strategic expense management. The company's strengths lie in revenue-sharing partnerships, strong NPS scores, and the promising FaaS rental business. Challenges include cautious FaaS growth management and efforts to optimize program economics, while opportunities exist in partnerships, content expansions, and program enhancements.

Peloton excels in Q2 with strong demand and growth strategies

Peloton's Q2 2024 performance was marked by strong demand, sales mix shift, and engagement improvements.
The company faces challenges such as inventory issues, lower free cash flow guidance, and user churn rates.
Opportunities lie in marketing efficiency optimization, product innovation, and content partnerships for growth.
Overall, Peloton's focus on enhancing user experience and driving growth through strategic initiatives is evident.

Peloton achieves positive free cash flow, focuses on cost reduction

Peloton's Q3 performance showed revenue growth, subscriber base expansion, and a focus on cost reduction and positive free cash flow.
Strengths lie in market leadership, financial discipline, international growth focus, and alignment with health and wellness trends.
Challenges include underperformance in app subscriptions, higher churn, and the need for refining acquisition and retention strategies.
Opportunities exist in Tread market potential, app strategy enhancements, disciplined investments, and long-term health and wellness trends.
Peloton remains committed to its mission of connecting individuals through fitness and aims to ensure financial stability and growth.

Peloton reports positive Q4 earnings, focuses on profitability and growth

Peloton's Q4 performance showcased financial stability, operational efficiency, and strategic partnerships driving revenue growth.
While facing challenges such as declining hardware sales and subscriber numbers, the company's focus on profitability and efficiency bodes well for future success.
Opportunities lie in diversifying revenue streams, enhancing content offerings, and optimizing operational efficiency for sustained growth.
Overall, Peloton's Q4 earnings call highlighted a mix of strengths, challenges, and opportunities that position the company for continued success in the evolving fitness market.

Peloton surpasses Q1 expectations, faces challenges in subscription management

Peloton's Q1 2025 performance exceeded expectations, driven by international growth and cost-saving measures, while facing challenges in managing subscriptions and balancing expenses.
Strengths lie in new leadership, efficient marketing strategies, and content innovation, with opportunities in retail optimization, content diversification, and international expansion.
To sustain growth, Peloton must address challenges in subscription management, navigate international complexities, and continue investing in content and market expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

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EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

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Short term debt

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Total equity

Stockholders equity

Minority interest

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Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Peloton Interactive, Inc. provides an at-home fitness platform for live and on-demand indoor cycling classes. The firm pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its members. It operates through the Connected Fitness Products and Subscription segments. The Connected Fitness Products segment includes the sales of bikes, tread & related accessories. The Subscription segment refers to the monthly subscription and credits from live studio classes. The company was founded by John Foley, Graham Stanton, Thomas Cortese, Yony Feng, and Hisao Kushi in 2012 and is headquartered in New York, NY.

Peloton Interactive, Inc. (NASDAQ:PTON ) Q1 2025 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants James Marsh - SVP, IR Karen Boone - Interim Co-CEO Chris Bruzzo - Interim Co-CEO Liz Coddington - CFO Conference Call Participants Simeon Siegel - BMO Capital Markets Brian Nagel - Oppenheimer. Nathan Feather - Morgan Stanley Shweta Khajuria - Wolfe Research Andrew Boone - JMP Securities Bryan Smilek - JPMorgan Eric Sheridan - Goldman Sachs Operator Good day, and welcome to Peloton's First Quarter Fiscal 2025 Conference Call.

Peloton Interactive, Inc. (PTON) Q1 2025 Earnings Call Transcript

Peloton appointed the co-founder of Apple Fitness+ to serve as its new leader. Peter Stern, who joins the digital fitness brand from a position at Ford, is slated to become president and CEO beginning Jan. 1, according to a Thursday (Oct. 31) press release.

Peloton Picks Apple Fitness+ Vet Peter Stern as New CEO

Peloton Interactive Inc (NASDAQ:PTON) shares jumped by almost a third on Thursday as the fitness company signalled improving cash flow and named Peter Stern as its new chief executive. Stern, who co-founded Apple Fitness Plus and is currently an executive at Ford, will join Peloton in January, the company said in an update on Thursday.

Peloton skyrockets as guidance upped, chief executive picked from Ford, Apple

The headline numbers for Peloton (PTON) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Peloton (PTON) Q1 Earnings: A Look at Key Metrics

The head of Ford Motor's integrated services, who was tasked with leading one of the automaker's most important teams, is departing after about one year, the company said on Thursday.

Ford's head of integrated services leaves automaker to join Peloton

Shares of fitness company Peloton Interactive (PTON) soared 22% in premarket trading Thursday after its first-quarter results topped analysts' estimates and it appointed Ford executive Peter Stern as its new Chief Executive Officer (CEO) and president.

Peloton Stock Soars After Fitness Company Reports Strong Results, Names New CEO

Peloton (PTON) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.44 per share a year ago.

Peloton (PTON) Reports Break-Even Earnings for Q1

The at-home fitness company serves up a slate of positives for investors in its latest quarterly report.

Peloton Appoints Ford Executive as CEO. The Stock Surges After Earnings.

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.

Peloton's stock soars premarket after earnings top estimates and company names Apple Fitness+ co-founder as new CEO

Peloton Interactive appointed Peter Stern as chief executive officer following a months-long search for a new leader to continue its turnaround efforts.

Peloton Interactive Names Peter Stern as CEO; Narrows 1Q Losses

Apple

Peloton Interactive has appointed former Apple executive Peter Stern as its CEO and president effective Jan. 1, the fitness-equipment maker said on Thursday, to steer its turnaround efforts after a post-pandemic slump in demand.

Peloton brings in former Apple executive Peter Stern as CEO to steer turnaround

Ford Motor Company

Peloton has tapped Ford executive Peter Stern to be its next CEO. The longtime automotive executive was last overseeing Ford's subscription services.

Peloton announces Ford exec Peter Stern as its next CEO

Peloton's fiscal first-quarter revenue beat Wall Street's expectations. The connected fitness company raised its full-year adjusted EBITDA guidance but posted a weaker-than-expected holiday forecast.

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) has announced its financial results for first quarter fiscal 2025. Please visit the Peloton investor relations website to view the shareholder letter. Today the company will host a conference call and live audio webcast to discuss the results at 8:30 a.m. ET.

Peloton Interactive, Inc. Reports First Quarter Fiscal 2025 Financial Results

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced that Peter Stern, who currently serves as President of Ford Integrated Services and before that held leadership roles at Apple and Time Warner Cable, has been appointed to serve as Peloton's CEO and President effective January 1, 2025. The Company expects to appoint Mr. Stern to the Peloton Board.

Peloton Appoints Peter Stern as CEO and President

If you're finding it more challenging to spot bargains after the past-year stock market rally, you're not alone.

David Einhorn Thinks the Stock Market's Getting Expensive—Here's What He Owns

David Einhorn's Greenlight Capital has a $6.8 million stake in Peloton, and he thinks the company could be worth five times it current value, if it cuts more costs. If Peloton can generate $450 million in EBITDA, about double its current projections, it could reach a share price of between $7.50 and $31.50 a share, Einhorn said at the Robinhood Investors Conference.

This is why David Einhorn thinks Peloton could be worth five times what it is now

David Einhorn says Peloton Interactive Inc (NASDAQ: PTON) is “significantly undervalued” at current levels. Greenlight Capital – the hedge fund he founded in 1996 even loaded up on 6.8 million shares of the connected fitness company to reflect that sentiment in August.

David Einhorn calls Peloton undervalued—here's why I'm still not buying

Shares of Peloton Interactive (NASDAQ: PTON) have surged by 16% after David Einhorn, billionaire, and hedge fund manager, called the stock undervalued at Robinhood's (NASDAQ: HOOD) investor conference on October 23.

Peloton stock skyrockets 16% after billionaire calls it ‘undervalued'

Peloton bikes will be available at Costco this holiday season. But why?

Peloton's Shocking Partnership with Costco Explained

There was an after-hours boost for Peloton Interactive Inc (NASDAQ:PTON) shares, which jumped over 11% after David Einhorn of Greenlight Capital highlighted the company's potential at the Robin Hood Investors Conference. Einhorn, who revealed a $6.8 million stake in the exercise bike giant as of June 30, believes the stock is undervalued, though he didn't specify a target price.

Peloton shares receive Einhorn vote of confidence

Greenlight Capital's David Einhorn told investors that Peloton's stock is significantly undervalued. The hedge fund boss made the pitch while riding a Peloton, a source familiar with the comments told CNBC.

Shares of Peloton surge 11% after David Einhorn says stock is significantly undervalued

Costco

Peloton is now part of the Costco family, making it easier to buy its sought-after bikes.

Costco to Sell Exclusive Peloton Bike Plus Bundle This Holiday Season in New Partnership

COST is set to offer the Peloton Bike+ at 300 U.S. outlets, providing fitness enthusiasts an opportunity to purchase premium equipment at competitive prices.

Costco to Sell Peloton Bike+ at 300 U.S. Outlets This Holiday Season

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