Peloton Raises Full-Year Guidance as Revenue Beats Estimates in Turnaround Effort
Peloton Interactive reported quarterly revenue of $631 million, up 1% from a year earlier and $6 million above its guidance range, as higher subscription prices and stronger connected-fitness equipment sales across the Peloton and Precor brands helped it beat estimates. GAAP net income was $26 million, adjusted EBITDA was $126 million, cash from operations was $153 million and free cash flow was $151 million.
The company raised its full-year guidance, indicating a turnaround tied to new commercial offerings and upgraded equipment remains on track. Chief Executive Officer Peter Stern said Peloton has more work under way in research and development, with future offerings set to come first in existing modalities.
From the sources (4 posts)
@cnbcPeloton beats estimates on revenue as higher subscription prices offer a boost
@alphasenseinc$PTON Earnings: - Total Revenue was $631 million, an increase of $7 million or 1% year-over-year and $6 million above our guidance range, primarily driven by outperformance in Connected Fitness equipment sales across both Peloton and Preco
@businessPeloton Interactive raised its guidance for the full year, suggesting that a turnaround fueled by new commercial offerings and upgraded equipment is on track.
@markgurmanPeloton is making progress, growing revenue by 1% year over year. We’ve got a lot of work going on with R&D,” CEO says. “The stuff will come in the existing modalities first. We feel great about not just our present, but also the future