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

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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 (PTON) shares tumbled over 20% in early trading on Wednesday after reporting a wider-than-expected loss as falling subscriber numbers and recall costs impacted its results.

Peloton Shares Plunge on Wider-Than-Expected Loss After Recall, Fall in Subscribers

Peloton said it expects to burn cash in the next two quarters due to costs related to bike recall and other expenses, delaying return to a positive cash flow.

Peloton gives ominous warning after bike recall, sending shares plummeting to record low

Peloton reported the results from its fiscal 2023 fourth quarter on Wednesday morning. Although that quarter covers a typically weak sales period for the company, the results were worse than expected.

Peloton Stock Is Crashing on Wednesday -- Here's Why

Peloton Interactive, Inc. (NASDAQ:PTON ) Q4 2023 Earnings Conference Call August 23, 2023 8:30 AM ET Company Participants Peter Stabler - Head of IR Barry McCarthy - President & CEO Liz Coddington - CFO Conference Call Participants Ron Josey - Citi Doug Anmuth - JPMorgan Justin Post - Bank of America Eric Sheridan - Goldman Sachs Andrew Boone - JMP Securities Shweta Khajuria - Evercore ISI Mario Lu - Barclays Edward Yruma - Piper Sandler John Blackledge - TD Cowen Aneesha Sherman - Bernstein Jonathan Komp - Baird Operator Good day, and thank you for standing by. Welcome to the Peloton Interactive 4Q '23 Earnings Call.

Peloton Interactive, Inc. (PTON) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Peloton (PTON) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Peloton (PTON) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Peloton Interactive Inc (NASDAQ:PTON) is down 19.6% to trade at $5.66 at last check, after the fitness equipment company reported wider-than-expected second-quarter losses, though revenue still beat estimates.

Bike Recall Pushes Peloton Stock to Record Low

Foot Locker

Markets opened modestly higher after seeing losses in recent weeks. Peloton Interactive reported declines in sales and subscriber counts.

Investors Are Giving Up on These 2 Stocks -- Should You?

Peloton Interactive Inc (NASDAQ: PTON) opened nearly 30% down on Wednesday after reporting its financial results for the fourth quarter that brought in a string of bad news for the shareholders. Peloton reports higher costs and churn The connected fitness company bore “substantially” higher costs related to the recall of its bikes in May.

Peloton stock opens 30% down after Q4 earnings

Peloton (NASDAQ: PTON ) stock fell over 20% after it reported results and guidance that disappointed Wall Street. The athletic equipment company lost $242 million, 68 cents per share, during the July quarter, on revenue of $642 million.

Is It Too Late for Peloton (PTON) Stock?

A Peloton recall involving the adjustable seat on more than two million bikes is becoming a bigger headache than expected.

Peloton stock plunges after 20,000 members canceled subscriptions while waiting for recall

AMC Entertainment

Other pandemic risers like Coinbase, DocuSign and Zoom have also suffered more than 80% stock losses.

Peloton And AMC Stocks Crater To All-Time Lows—Down 97% Apiece From 2021 Peaks

Starting off a fourth-quarter trading update with a warning that a business is “seasonal” is never usually a good sign– especially when the company is an indoor exercise bike manufacturer.   No wonder Peloton Interactive Inc (NASDAQ:PTON) is down more than 29% in pre-market trading.

Peloton plummets as bike recalls wreak havoc on results

The company says the $40 million cost of a seat recall announced in May exceeded Peloton's initial expectations.

Peloton Stock Tumbles as Subscribers Decline

Peloton's shares plunged 20% after the company fell short of Wall Street's quarterly expectations and reported a loss of $241.8 million.

Peloton shares drop 25% after posting wider than expected loss, falling sales

Shares of Peloton Interactive Inc. PTON, -0.43% were tumbling more than 18% in Wednesday's premarket trading after the maker of connected fitness equipment came up short with its revenue outlook and disclosed higher-than-expected costs from a previously announced recall. The company logged a fiscal fourth-quarter net loss of $242 million, or 68 cents a share, whereas it lost $1.26 billion, or $3.72 a share, in the year-before quarter.

Peloton's stock tanks as revenue outlook falls short, bike recall costs pile up

NEW YORK, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) has announced its financial results for fourth quarter and full-year fiscal 2023. Please visit the Peloton investor relations website https://investor.onepeloton.com/financial-information/quarterly-results to view the fourth quarter and full-year fiscal 2023 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 Fourth Quarter and Full-Year Fiscal 2023 Financial Results

The maker of connected exercise equipment is due to report fiscal fourth-quarter earnings Wednesday morning. Peloton PTON, -0.43% is expected to post another quarter of revenue declines, though losses are projected to improve.

Peloton earnings: What to expect from the maker of exercise bikes

NEW YORK , Aug. 22, 2023 /PRNewswire/ -- Peloton (NASDAQ: PTON) and the University of Michigan announce a partnership to support the fitness ambitions of Michigan students, alumni, and fans. The agreement brings one of the preeminent brands in college sports together with the world's creator and leader in connected fitness.

Peloton and the University of Michigan Announce Partnership Reaching Students, Athletes and Alumni

Fisker Inc

Virgin Galactic

Teladoc

Workhorse Group

Last week, I revealed MarketMaster AI , a set of deep learning AI algorithms designed to beat the market. The system was flashing warning signals like a hyperactive lifeguard on duty.

5 Meme Stocks to Sell Immediately, According to AI

NEW YORK , Aug. 22, 2023 /PRNewswire/ -- Today Peloton (NASDAQ: PTON) announced its strategy to partner with colleges, universities, athletes, and student platforms to bring the brand's impactful and entertaining workouts to campuses through its world class content, co-branded Peloton Bikes, and elevated on-site experiences. Building on the brand's commitment to empower anyone, anywhere, anytime, Peloton's college campus integrations will bring the magic of Peloton to students, alumni, and fans across the country through three strategic pillars: Branded Integrations: Working with colleges and universities, Peloton will offer co-branding opportunities that may include its Bikes and apparel.

Peloton Kicks Off College Strategy Engaging Students, Athletes, and Alumni

Wish

Zillow

Artificial intelligence (AI) is no longer just a buzzword, with its prominence in the tech landscape surging like never before this year. This next-level technology effectively opens doors to an array of applications for consumers, businesses and other entities.

3 Stocks That AI Does NOT Think You Should Buy

Evercore ISI analyst Shweta Khajuria removed Peloton from the Evercore ISI Tactical Underperform list on Sunday. Shares have dropped almost 25% in the last month.

Peloton Is About to Report Earnings. One Analyst Is Less Bearish on the Stock.

Bath and Body Works

Kohl's

After U.S. markets closed on Friday, Palo Alto Networks reported better-than-expected earnings per share (EPS) and revenue that was just barely short of the consensus estimate.

Earnings Preview: Bath & Body Works, Foot Locker, Kohl's, Peloton

Peloton Interactive Inc (NASDAQ:PTON) could see a $15 million headwind to its gross profit for the fourth quarter due to the recall of defective bike seats during the period, analysts at the Bank of America Corp (NYSE:BAC) (BoA) believe.   The fitness equipment company will report its fiscal fourth quarter and full year 2023 earnings before the stock market opens on Wednesday, August 23.

Peloton could see $15M profit hit in 4Q from bike seat recall

Peloton was a Wall Street darling during the pandemic, with a market cap of around $50 billion. Peloton laid off thousands of workers in 2022, replaced its CEO, and issued a recall on one of its bike models in May.

Peloton wants to expand beyond at-home fitness with a push into gyms, businesses, and hotels. Here's how it went from a pandemic-era success story to losing money.

News for Peloton Stock (PTON)