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Peloton Announces Worse-Than-Expected Quarterly Losses

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Overview

  • Peloton reported a wider quarterly loss than anticipated.
  • Peloton predicts slower growth in members this year.
  • Quarterly revenue declined 22% from a year ago.
  • However, quarterly revenue still beat Wall Street estimates.
  • Peloton is working to stabilize its business and return to profitability.