secwatch.observer — SEC 8-K summary
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Issuer:     PELOTON INTERACTIVE, INC. (PTON)
CIK:        0001639825
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0001639825-22-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peloton Q2 net loss $439M; CEO replaced, 2,800 jobs cut, guidance slashed
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- Q2 revenue $1.13B (+6% YoY), net loss $439.4M ($1.39 diluted EPS); Adjusted EBITDA loss $266.5M.
- CEO John Foley becomes Executive Chair; Barry McCarthy (ex-Netflix, Spotify) named CEO.
- Restructuring: cut ~2,800 jobs (~20% of corporate); target $800M annual run-rate cost savings.
- Wind down Peloton Output Park plant; reduce 2022 capex by ~$150M.
- Q3 guidance: rev $950M-$1B, Adj EBITDA loss $(140)M-$(125)M; FY rev $3.7B-$3.8B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000007/0001639825-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000007/pton-20220208.htm
  HTML page:      https://secwatch.observer/filing/0001639825-22-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer