Overview
- For the quarter ended Sept. 30, revenue reached $550.8 million with earnings of $0.03 per share, marking a second straight profitable quarter and a beat on both metrics.
- Peloton forecast holiday-quarter revenue of $665 million to $685 million and raised full-year adjusted EBITDA to $425 million to $475 million, sending shares up roughly 7% to 12%.
- The company relaunched its Bike, Bike+, Tread, Tread+ and new Row+ with Peloton IQ and AI-driven features such as an activity-tracking camera, a swivel screen and hands-free controls, alongside higher hardware and subscription prices.
- Peloton disclosed a recall of early Bike+ units over seat-post failures, recording a $13.5 million charge that reduced gross margin by 0.3 percentage points.
- Paid connected fitness subscriptions fell 6% year over year to 2.732 million, total members were about 5.9 million and paid app subscribers declined to 542,000.