Peloton Interactive Inc - Ordinary Shares - Class A

NASDAQ:PTON  
103.45
-1.47 (-1.40%)
4:03:04 PM EDT: $103.31 -0.14 (-0.14%)
Accounting Issues/SEC Inquiries, Other Pre-Announcement

Peloton Interactive Q4 Revenue Rose 54 Percent To $937 Mln

Published: 08/26/2021 20:43 GMT
Peloton Interactive Inc - Ordinary Shares - Class A (PTON) - Q4 Revenue Rose 54 Percent to $937 Million.
Q4 Loss per Share $1.05.
Sees FY Revenue $5.4 Billion.
Sees Q1 Revenue About $800 Million.
Q4 Average Net Monthly Connected Fitness Churn Was 0.73%.
Peloton Interactive - Q4 Ending Connected Fitness Subscriptions Grew 114% to Over 2.33 Million and Paid Digital Subscriptions Grew 176% to Over 874,000.
Sees 3.63 Million Ending Connected Fitness Subscriptions in FY 2022.
Sees 2.47 Million Ending Connected Fitness Subscriptions in Q1.
Expect to Begin Producing Bike, Bike+ and Tread Products at Pop Starting in Calendar 2023.
Sees Average Net Monthly Connected Fitness Churn of About 0.85% in Q1.
Lowering the Price of Our Original Peloton Bike Across All of Our Markets to $1,495 Usd.
Peloton Interactive - Q4 Connected Fitness Subscription Workouts Grew 75% to 134.3 Million, Averaging 19.9 Monthly Workouts/connected Fitness Subscription.
Q4 Earnings per Share View $-0.45, Revenue View $927.2 Million -- Refinitiv Ibes Data (analyst estimates).
Q1 Revenue View $1.01 Billion -- Refinitiv Ibes Data (analyst estimates).
Looking Ahead, We Expect to Return to Adjusted EBITDA Profitability for FY 2023.
FY2022 Revenue View $5.27 Billion -- Refinitiv Ibes Data (analyst estimates).
Peloton - Over Fiscal 2021 Audit Process, Material Weakness Was Identified in Internal Controls Over Financial Reporting Related to Inventory Valuation.
Peloton - Material Weakness Result of Discovering an Immaterial Discrepancy in Our Year-end Physical Inventory Counts.