secwatch.observer — SEC 8-K summary
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Issuer:     PELOTON INTERACTIVE, INC. (PTON)
CIK:        0001639825
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001639825-22-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peloton Q3 FY2022: net loss $757M, revenue down 24%, announces $750M debt financing
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- Q3 revenue $964.3M (-24% YoY); Connected Fitness gross margin -11.4% vs +28.4% last year.
- Net loss $757.1M (vs $8.6M loss in Q3 FY2021); Adjusted EBITDA -$194.0M.
- Ended quarter with $879M cash; signed $750M term debt commitment with JPMorgan and Goldman Sachs.
- Cost reduction targets $800M annual run-rate savings by FY24; achieved $165M OpEx savings in 2H FY22.
- Hardware price cuts drove 69% daily unit sales increase; All-Access subscription price increase adds ~$14M/month revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000067/0001639825-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000067/pton-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001639825-22-000067

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