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

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Net PPE

Intangibles

Total liabilities

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Income tax payable

Non-current liabilities

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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 recently noted that more than half of its members are regularly engaging in non-cycling workouts. As a result, the company plans to adjust its marketing strategy to broaden its addressable market.

Forget the Bike: Peloton Is Pedaling In a New Direction, but Should You Buy the Stock?

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Peloton has changed a lot since becoming a household name.

Why You Have Peloton All Wrong

Peloton Interactive's stock plunged 8.2% after a downgrade by Wolfe Research, with concerns over the company's profitability and growth opportunities. Subscription revenue increased by 14.8% YoY, but connected fitness product sales dropped significantly in the most recent quarter, and management forecasts a decline in connected fitness subscriptions moving forward. I agree with Wolfe Research's bearish assessment and maintain a 'sell' rating for PTON stock.

Peloton Interactive Stock Plunges On A Well-Deserved Downgrade

Despite an already-catastrophic loss of value from its peak valuation, home exercise equipment specialist Peloton (NASDAQ: PTON ) incurred another tough blow. This time around, an analyst cast doubt on PTON stock — which slipped about 8% on Wednesday — citing post-pandemic viability concerns.

Peloton (PTON) Stock Slides 8% Following Wolfe Research Downgrade

Shares of the exercise-equipment company were dropping on Wednesday after Wolfe Research lowered its rating to Underperform.

Peloton Stock Gets a Downgrade. Why One Analyst Expects Tough Times.

A torrid year has seen cost cuts and a major repositioning at Peloton, while the U.K. arm has reported deepening losses as the fitness brand looks to get back on track.

Peloton Struggles To Convince That It's Not On The Road To Nowhere

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Michael Dell's Firm Buys Safehold, Adds to Peloton Stake

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Peloton announced multiple new subscription tiers for its digital app. This could expand the company's addressable market, but it puts Peloton in Apple's crosshairs.

Peloton Stock Is Up 20% Following Its Rebrand Announcement. Time to Buy?

DocuSign

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Best Growth Stock to Buy: Peloton vs. DocuSign

NEW YORK--(BUSINESS WIRE)---- $PTON #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Peloton Interactive, Inc. (“Peloton” or the “Company”) (NASDAQ: PTON) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Peloton securities between May 10, 2022, and May 10, 2023, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm's site.

Peloton Interactive, Inc. (PTON) Investors: Please contact the Bronstein, Gewirtz & Grossman, LLC Law Firm to recover your losses; August 8, 2023 deadline

Peloton Interactive, Inc. (PTON) Investors: Please contact the Bronstein, Gewirtz & Grossman, LLC Law Firm to recover your losses; August 8, 2023 deadline

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Peloton Interactive, Inc. (“Peloton” or the “Company”) (NASDAQ: PTON) in the United States District Court Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired Peloton securities between May 10, 2022 and May 10, 2023, both dates inclusive (the “Class Period”). Investors have.

PELOTON ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Peloton Interactive, Inc. and Encourages Investors to Contact the Firm

Luminar Technologies

NEW YORK, NY / ACCESSWIRE / June 13, 2023 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

SHAREHOLDER ALERT: FRCB LAZR PTON: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

Telephone and Data Systems

SHAREHOLDER ALERT: TDS FRCB PTON: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK , June 13, 2023 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Peloton Interactive, Inc. ("Peleton" or the "Company") (NASDAQ: PTON) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Peleton securities between May 10, 2022 and May 10, 2023, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site:  www.bgandg.com/pton.

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Peloton Interactive, Inc. (PTON) Investors of Class Action and to Actively Participate

Shares of Peloton Interactive NASDAQ: PTON reached their all-time high prices of $170.09 per share in January 2021; after a whole two years of facing challenging economic environments and a stern test to their value proposition, the stock is selling for below $10 to mark a 95% retracement in the company.

As Peloton Shares Fall Over 90%, A Comeback Strategy Surges

LOS ANGELES--(BUSINESS WIRE)---- $PTON #PTON--The Schall Law Firm Encourages Investors in Peloton Interactive, Inc. with Losses of $100,000 to Contact the Firm.

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Peloton Interactive, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $PTON #PTON--The Schall Law Firm Announces it is Investigating Claims Against Peloton Interactive, Inc. and Encourages Investors with Losses to Contact the Firm.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Peloton Interactive, Inc. and Encourages Investors with Losses to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Peloton Interactive, Inc. and Encourages Investors with Losses to Contact the Firm

Peloton's stock has dropped over -20% since my initial article, as inventory issues and negative gross margins on connected fitness products have persisted. The company's subscription business has grown healthily, and there is value in that part of the business. As inventory issues improve and the focus shifts to a more normalized environment, the possibility of investing in Peloton becomes more attractive.

Peloton: The Stock Is Getting More Intriguing

Peloton's rebrand as a more universal fitness company could expand its total addressable market and broaden its appeal to various demographics. The company's shift to a subscription-based model, with three tiers of membership, can cater to both casual and dedicated workout enthusiasts. Secular tailwinds, such as health and fitness trends and hybrid lifestyles, support the continued utility of Peloton's at-home fitness options.

News for Peloton Stock (PTON)