From CNBC: 2024-10-31 07:16:06

Peloton is making progress towards profitability by improving unit economics and cutting costs. The company reported a net loss of $900,000 for the quarter, with revenue of $586 million. Expectations for the holiday quarter are lower than Wall Street projections, with fewer paid app subscribers. Former CEO Barry McCarthy has been replaced by Ford executive Peter Stern. Peloton raised its full year EBITDA guidance to $240-$290 million for fiscal 2025. Operating expenses were cut by 30% in the first quarter, resulting in $116 million in adjusted EBITDA and $11 million in free cash flow. The company is focusing on improving the unit economics of its hardware business, increasing prices and reducing discounts. Connected fitness margin rose to 9.2% in the most recent quarter.



Read more at CNBC: Peloton (PTON) Q1 2025 earnings