secwatch.observer — SEC 8-K summary
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Issuer:     PELOTON INTERACTIVE, INC. (PTON)
CIK:        0001639825
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0001639825-22-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000100/0001639825-22-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639825/000163982522000100/pton-20220825.htm
  HTML page:      https://secwatch.observer/filing/0001639825-22-000100

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