About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Peloton's stock jumped Monday on news that the beleaguered high-end fitness company is being eyed by private equity firms for a potential buyout.  The company, which has been trying to turn around mounting losses, started talks with one firm, people familiar with the matter told CNBC. The source didn't specify the firm's level of interest in actually acquiring the company, according to the report.   Peloton told FOX Business in a statement that it does "not comment on speculation or rumors."   Peloton's sto ...

 A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported Tuesday.Shares of the fitness equipment maker rose 12% to $3.98.The New York-based company has had talks with at least one firm in recent months as it considers going private, the report said, citing people familiar with the matter.Peloton has posted 13 straight quarters of losses REUTERS“We do not co ...

ToplineShares of at-home spin class company Peloton spiked 15% Tuesday morning, the company’s best day on Wall Street in over four months, following a report that a group of private equity firms are mulling a buyout of the company, which has struggled with floundering sales, layoffs and recalls since a pandemic-era boom.Peloton's shares surged Tuesday morning amid buyout speculation.Gado via Getty Images Key FactsCNBC reported several unnamed private equity firms are involved in the talks, citing unnamed so ...

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. In recent months, the pandemic darling has had talks with at least one firm as it considers going private, people familiar with the matter ...

More cost cuts are on the way for Peloton Interactive as sales continue to slump.Peloton Interactive (PTON 6.86%) went public in 2019 at $29 per share. The company's at-home exercise equipment, fitted with digital screens and streaming capabilities, proved to be incredibly popular when the COVID-19 pandemic struck in 2020.Sales soared as lockdowns and social restrictions kicked in, and Peloton stock hit a record high of $171 in early 2021. But its incredible growth story began to fall apart that same year a ...

Peloton is free cash flow positive, and could generate nearly $200 million in annual cash profits in a few years.Peloton Interactive (PTON 9.43%) investors had a crazy week. The stock slipped 22% on Thursday after Peloton reported its CEO is stepping down and it missed on Q3 2024 sales, while reporting positive free cash flow (FCF). However, it rebounded later that day, even as Wall Street weighed in with (mostly negative) comments on the report. Pelton is now down 5% since the report.Multiple analysts cut ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39058 Peloton Interactive, Inc. (Exact name of registrant as specified in its charter) Delaware 47-3533761 (State or other juri ...

Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying off approximately 400 employees — about 15% of its global workforce — and reducing its retail showroom footprint to mitigate costs. This announcement, coinciding with its Q3 fiscal year earnings report, is part of the company’s broader strategy to slash annual run-rate expenses by over $200 million by the end of fiscal year 2025. “The objective of the cost reductions is to reshape Peloton to alig ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAt the height of the pandemic, Peloton was on top of the world.Its stock pushed $171 per share and its market cap hovered around $50 billion.On Thursday, the company announced its CEO was out and ...