Peloton Q1 FY23 FCF improves to -$246M; gross margin turns positive 35.2%

PELOTON INTERACTIVE, INC.

2023-Q1 EPS reported -$1.20 revenue$616,500,000

Free cash flow improved from -$747M in Q3'22 to -$246M in Q1'23; forecast near breakeven in H2 FY23.
Gross margin swung from -4.4% in Q4'22 to +35.2% in Q1'23 (adj. 38.3% ex recall items).
Adjusted EBITDA improved Q/Q from -$289M to -$33M in Q1'23.
Ended quarter with $938M cash and $500M unused revolver; monthly subscriber churn at 1.1%.
Highlights third-party distribution deals (Amazon, Dick's, Hilton) and FaaS rollout.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PELOTON INTERACTIVE, INC. reported financial results for quarter ended September 30, 2022.

Period: quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 3, 2022, Peloton Interactive, Inc. (“Peloton” or the “Company”) will hold a conference call regarding its financial results for the quarter ended September 30, 2022. Peloton also issued a letter to its stockholders announcing its financial results for the quarterly period ended September 30, 2022 (the “Shareholder Letter”).

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PELOTON INTERACTIVE, INC. filing history →

Source: SEC EDGAR

accession 0001639825-22-000132

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