Shares of Peloton Interactive Inc PTON have been climbing after the company smashed first-quarter sales estimates last week.The company can generate over $300 million in EBITDA this year and more than $400 million over the next few years, according to BofA Securities.Analyst Curtis Nagle upgraded the rating for Peloton Interactive from Underperform to Buy, while raising the price target from $3.75 to $9.00.The Peloton Interactive Thesis: The company reported its fiscal first-quarter EBITDA "much higher than ...

Key TakeawaysPeloton shares were down sharply Friday, giving back a chunk of the near-30% gain recorded yesterday after the fitness equipment maker announced a new CEO and reported better-than-expected results.The stock has trended higher after forming a double bottom, with the price staging a breakaway gap yesterday following the company’s upbeat earnings. However the relative strength index warns of extremely overbought conditionsInvestors should watch important resistance levels on Peloton's chart around ...

The first phase of the Find your push. Find your power. campaign features football player brothers T.J. and J.J. WattNEW YORK, Nov. 1, 2024 /PRNewswire/ -- Peloton (NASDAQ: PTON) today announced the launch of its new multi-phase creative campaign: Find your push. Find your power. The campaign acknowledges how motivation looks differently for everyone and celebrates Peloton's role in helping people find what pushes them to show up and reach their goals in fitness. In the first North America-based phase of Fi ...

Peloton reported earnings Thursday, but it was the new CEO that had the market excited.Peloton (PTON 27.82%) stock jumped as much as 34% in trading Thursday after the company reported earnings and named a new CEO. But is the move justified? In this video, Travis Hoium shows why some caution may be needed.*Stock prices used were end-of-day prices of Oct. 31, 2024. The video was published on Oct. 31, 2024. ...

Peloton announced that Ford executive Peter Stern will join the company as its new CEO.The fitness company is betting Stern can help turn things around.He's expected to focus on trimming spending and retaining current Peloton subscribers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

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 September 30, 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 ...

Financial Data and Key Metrics Changes - The company reported Q1 results with total revenue of $586 million, exceeding guidance, driven by $426 million in subscription revenue, which was up 3% year-over-year, and $160 million in Connected Fitness products revenue, down 12% year-over-year [43][44] - GAAP operating income was $13 million, with adjusted EBITDA at $116 million, significantly above guidance [11][52] - Free cash flow for the quarter was $11 million, marking the third consecutive quarter of positive free cash flow [52][62] Business Line Data and Key Metrics Changes - The Connected Fitness subscription business had over 6 million members, with 2.9 million paid connected fitness subscribers, reflecting a net decrease of 81,000 in the quarter [12][39] - Paid app subscriptions decreased by 33,000 to 582,000, but exceeded guidance due to better-than-expected churn [41] - Connected Fitness product gross margin improved to 9.2%, up 600 basis points year-over-year, driven by a favorable product mix [46] Market Data and Key Metrics Changes - International paid connected fitness subscribers grew by 8% in Q1, with Germany outperforming internal expectations after transitioning to a third-party retail model [17][39] - The company raised prices for bike products in international markets to enhance gross margins [16] - The North American business is optimizing sales channels, including closing underperforming retail stores and testing a smaller store concept [18] Company Strategy and Development Direction - The company aims to deliver over $200 million in run rate cost savings by the end of fiscal 2025 through a cost restructuring plan [9] - Strategic investments in innovation are planned to return to top-line growth, focusing on product development, marketing strategy, and content offerings [10] - The company is prioritizing sustainable, profitable growth and improving unit economics across all products and sales channels [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the health and wellness market, emphasizing a balanced approach to growth and profitability under the new CEO [72][74] - The company is focused on managing costs and optimizing unit economics while preparing for the holiday season with increased marketing spend [22][56] - Future growth is expected to be driven by improved engagement through software innovations and a focus on member retention [59] Other Important Information - Peter Stern will assume the role of CEO on January 1, 2025, bringing extensive experience in hardware, software, and services [7][8] - The company is exploring additional international markets for growth, with a focus on optimizing pricing and distribution strategies [100] Q&A Session Summary Question: How will the new CEO approach the balance of growth and profitability? - Management indicated that the new CEO will focus on balancing profitability and growth, with a disciplined approach to spending and a strong emphasis on innovation [71][72] Question: What is the composition of the sequential inventory growth? - The inventory growth is modest and related to seasonal buildup ahead of the holiday season, with expectations for inventory balances to decrease over the year [76][77] Question: What are the expectations for churn for the rest of the year? - Churn is expected to remain below 2% for fiscal 2025, with slight improvements anticipated in Q2 [83] Question: What steps are being taken to address the balance sheet and debt? - The company is focused on generating positive free cash flow to deleverage over time, with a disciplined investment approach [88][90] Question: How is the company targeting new customer demand? - The company is focusing on attracting more male customers and expanding its reach through targeted marketing campaigns [92][93] Question: How does physical retail fit into the go-to-market strategy? - The company is optimizing its retail presence by closing underperforming stores while exploring partnerships with third-party retailers like Costco [97][98] Question: What are the plans for further international expansion? - International expansion remains a priority, with a focus on testing different market models and ensuring localized content [99][100]

For the quarter ended September 2024, Peloton (PTON) reported revenue of $586 million, down 1.6% over the same period last year. EPS came in at $0.00, compared to -$0.44 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $574.58 million, representing a surprise of +1.99%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being -$0.15.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

TakeawaysShares of fitness company Peloton Interactive soared 22% in premarket trading Thursday after its first-quarter results topped analysts' estimates and it appointed Ford executive Peter Stern as its new chief executive.Peloton reported a net loss of just $1 million, an improvement of $158 million year-over-year and much narrower than expected.Stern, who currently serves as president of Ford Integrated Services and previously was an executive at Apple, will begin his new roles as CEO and president on ...

Peloton (PTON) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this exercise bike and treadmill company would post a loss of $0.18 per share when it actually produced a loss of $0.08, delivering a surprise of 55.56%.Over the last four quarters, the com ...