Cost OptimizationPeloton has initiated another round of cost optimizations, including a $200M+ reduction in force.
Financial PerformanceFree cash flow improved to $8.6 million with some timing benefit, marking the first positive quarter since fiscal Q2 2021.
Market PositionPeloton remains the leader in Connected Fitness, and it has among the best product-market-fits across its 3 million subscribers due to consistently low churn and high engagement.
Bears Say
Financial PerformanceMore conservative revenue assumptions lead to FY25 Adj. EBITDA being modeled well below the Street.
Management And StrategyIncreased uncertainty in the company following the departure of CEO Barry McCarthy.
User GrowthMeaningful pressure on Mobile user growth intra-quarter is expected to lead to a miss on both Connected Fitness and Digital subscribers.
What was Peloton Interactive’s price range in the past 12 months?
Peloton Interactive lowest share price was $2.70 and its highest was $9.71 in the past 12 months.
What is Peloton Interactive’s market cap?
Currently, no data Available
When is Peloton Interactive’s upcoming earnings report date?
Peloton Interactive’s upcoming earnings report date is Aug 22, 2024 which is in 28 days.
How were Peloton Interactive’s earnings last quarter?
Peloton Interactive released its earnings results on May 02, 2024. The company reported -$0.45 earnings per share for the quarter, missing the consensus estimate of -$0.363 by -$0.087.
Peloton Interactive does not currently pay dividends.
What is Peloton Interactive’s EPS estimate?
Peloton Interactive’s EPS estimate is -$0.17.
How many shares outstanding does Peloton Interactive have?
Peloton Interactive has 352,798,280 shares outstanding.
What happened to Peloton Interactive’s price movement after its last earnings report?
Peloton Interactive reported an EPS of -$0.45 in its last earnings report, missing expectations of -$0.363. Following the earnings report the stock price went down -10.281%.
Which hedge fund is a major shareholder of Peloton Interactive?
Among the largest hedge funds holding Peloton Interactive’s share is Coatue Management, LLC. It holds Peloton Interactive’s shares valued at 11M.
Founded in 2012, Peloton Interactive Inc. is a New York-based exercise equipment and media company, which provides interactive fitness products such as the Peloton Bike and the Peloton Tread, for live and on-demand classes.
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