Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff as it looks to cut costs by $200 million.McCarthy, a former Spotify and Netflix executive, will become a strategic advisor to Peloton through the end of the year while Karen Boone, the company's chairperson, and director Chris Bruzzo, will serve as interim co-CEOs. Jay Hoag, another Peloton Director, has been named the new chairperson of the bard. Peloton is seeking a permanent CEO.The comp ...

PELOTON Q3 FY2024 Shareholder Letter May 2, 2024 Dear Shareholders, Our Q3 performance reflects continued leadership in the connected fitness category and the strength of our subscription business, which continues to deliver best-in-class fitness content to over 6 million Members. We ended Q3 with 3.056 million Paid Connected Fitness Subscriptions and 1.2% Average Net Monthly Paid Connected Fitness Subscription Churn, demonstrating the loyalty of our Members and the instrumental role our connected fitness p ...

Company to Continue Investment in Hardware, Software and Content Innovation, Improvements to Member Support Experience, and Marketing Optimization to Scale the Business Expects to Reduce Annual Run-Rate Expenses by More than $200 Million by End of Fiscal 2025 Q3 Fiscal Year 2024 Earnings Call Today at 8:30 am ET NEW YORK, May 2, 2024 /PRNewswire/ -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced comprehensive restructuring efforts to align the company's cost structure with the current size of its ...

The connected gym equipment maker might be a deep-value play.Peloton Interactive (PTON -2.24%) was one of the market's favorite growth stocks during the pandemic. The maker of connected exercise bikes and treadmills flourished as brick-and-mortar gyms closed down, and that growth spurt coincided with the buying frenzy in growth and meme stocks throughout 2020 and 2021.As a result, Peloton's stock hit a record high of $167.42 on Jan. 13, 2021. That equaled a 477% gain from its IPO price of $29 on Sept. 29, 2 ...

Peloton would need a serious reversal of fortunes to reach the exclusive club.In order to get better and learn new lessons, it's a good idea for investors to study history. These insights can be applied to new investment opportunities you might be looking at.Perhaps no business has presented a more informative case study than Peloton Interactive (PTON -0.98%) in recent times. The fitness industry innovator was on an impressive growth trajectory before the pandemic, a trend that was supercharged when people ...

有多少美国人愿意为原本免费的线上健身付钱？这个答案可能是“很少”。 据外媒报道，因未能吸引足够多的免费用户转化为付费订阅，美国“智能健身第一股”Peloton（PTON.US）在推出其健身应用不到一年的时间里，悄然取消了免费会员。 成于线上，困于线上，Peloton的市值已跌到历史谷底。本周内，Peloton股价一路下跌超过6%，今年累计下跌超过45%，这家曾经市值近500亿美元的公司，如今市值仅有11亿美元。当前该公司的股价为3美元，如果持续下跌势头，该公司的股价将会在一年之内逼近“1美元退市”红线，在这样的生死关头，扩大线上健身的付费订阅将是Peloton最后的希望。 01 卖不动单车，Peloton开始试水做健身APP Peloton对健身APP的全面试水始于2023年5月。当时Peloton宣布重新推出健身应用程序，并称计划将品牌重塑为“全民健身公司”，而不是“家庭智能动感单车公司”。 过去，这家公司凭借兜售上千美元一台的智能动感单车成为资本市场的新宠儿，产品销量持续走高，高峰时期有超过100万个用户报名参加Peloton的动感单车课程。这家号称是“健身界 Netflix”的Peloton，在疫情 ...

NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (NASDAQ:PTON) will release its third quarter fiscal 2024 results before the U.S. stock market opens on Thursday, May 2, 2024. The company will host a conference call and live audio webcast to discuss the results at 8:30 a.m. (Eastern Time) that day. To access the call by phone, please visit this link for registration (phone registration link) to be provided with dial in details. To avoid delays, we encourage participants to register a da ...

智通财经APP获悉，据外媒报道，因未能将足够多用户转化至付费，健身器材制造商Peloton Interactive(PTON.US)在推出其健身应用不到一年的时间里，悄然取消了无限免费会员资格。 据了解，虽然Peloton应用的新用户将不再拥有该选项，但在取消之前已注册无限免费会员的老用户仍可继续使用。目前，新用户在七天免费试用后，只能选择12.99美元/月或24美元/月两种方案。 无限量免费会员最初是为吸引那些不想在Peloton设备上花费太多的顾客，首席执行官巴里·麦卡锡(Barry McCarthy)曾寄希望于免费用户为获得更多种类课程而升级为付费会员。但他去年承认，公司在付费转化方面并不成功。 后续将作何举措?Peloton首席财务官伊丽莎白·科丁顿(Elizabeth Coddington)最近指出，公司仍需想办法在试用期内更好地吸引免费用户，以促进后续向付费转换。 她称，“免费用户群体正蚕食我们的漏斗，以及到免费试用再到付费的转化率。我们对此做的则是将流量更多地转向免费试用层，以提高应用程序的转化率。” Peloton周一收跌7.32%，今年迄今为止，该公司股价下跌了46%，市值缩水近10亿美元。 ...

Connected fitness company Peloton has stopped offering an unlimited free-membership tier that was once a key part of its growth strategy.The free tier for the company’s app was added in May 2023 to attract new customers but was dropped within the last few weeks after failing to convert these new users into paid subscribers, CNBC reported Monday (April 15).People who already signed up for the tier will continue to have access to it, but new users will be able to choose from only two paid options — at $12.99 ...

A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022.Peloton has quietly removed its unlimited free membership tier on its fitness app less than a year after it debuted because the initiative was failing to convert users into paid subscribers, the company said. Peloton dropped the free option for new users, once a key part of the business's growth strategy, within the last few weeks. People who signed up for the company's unlimited free ...