Peloton Interactive Inc - Ordinary Shares - Class A

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Other Pre-Announcement

Peloton Interactive Posts Qtrly Loss Of $0.98 Per Share

Published: 02/01/2023 12:33 GMT
Peloton Interactive Inc - Ordinary Shares - Class A (PTON) - Peloton Interactive, Inc. Reports Second Quarter Fiscal 2023 Financial Results.
Qtrly Loss per Share of $0.98.
Q2 Earnings per Share View $-0.64 -- Refinitiv Ibes Data (analyst estimates).
Expect to Reach Free Cash-flow Breakeven by Year-end FY23.
Ending Connected Fitness Subscriptions in Quarter Was 3.033 Million.
Generated Positive FCF of Approximately $8 Million in Q2.
Peloton Interactive - Despite Seasonally Strong Hardware Sales, Generated More Revenue From Subscriptions in Quarter Than We Did From Hardware Sales.
Average Net Monthly Connected Fitness Churn in Quarter Was 1.1%.
Sees Q3 Ending Connected Fitness Subscriptions 3.08 Million - 3.09 Million.
Sees Q3 Total Revenue $690 Million - $715 Million.
Near-term Demand for Connected Fitness Hardware is Likely to Remain Challenged.
Sees Q3 Total Gross Margin About 39%.
Peloton Interactive - Expect Connected Fitness Churn in Q3 to Be Similar to 2q.