Peloton Q4 revenue down 28%, net loss $1.24B, churn spikes to 1.41%

PELOTON INTERACTIVE, INC.

2022-FY EPS reported -$8.77 revenue$3,582,100,000

Total revenue $678.7M (-28% YoY); connected fitness product revenue $295.6M (-55%) with negative gross margin of 98.1%.
Net loss $1,244.4M vs $313.2M loss a year ago; includes $415M restructuring charges; adjusted EBITDA loss $288.7M.
Ending connected fitness subs 2.966M (flat QoQ); average monthly churn 1.41% (70 bps worse YoY and QoQ).
Appointed Liz Coddington as CFO (ex-AWS/Netflix); outsourced manufacturing, shut Taiwan ops; cut 760 roles for ~$45M annual savings.
Launched FAAS rental program (5,000 members, $89/mo); began selling first-gen Bike, Guide, apparel on Amazon.com.

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