earnings
confidence high
sentiment neutral
materiality 0.80
Peloton Q2 FY2023 revenue $792.7M, net loss $335.4M; FCF improves to -$94M
PELOTON INTERACTIVE, INC.
2023-Q2 EPS reported
-$2.18
revenue$1,409,200,000
- Total revenue $792.7M (-30% YoY); subscription revenue $411.3M (+22% YoY); hardware revenue $381.4M (-52% YoY).
- Net loss $335.4M vs $439.4M loss a year ago; Adjusted EBITDA -$122.4M.
- Free cash flow -$94.4M, improved from -$546.7M in Q2 FY22; positive ~$8M excluding supplier settlement costs.
- Connected Fitness subscriptions 3.033M (+10% YoY); average net monthly churn 1.1% vs 0.8% a year ago.
- Goal: reach free cash flow breakeven by year-end FY23; asset sales delayed (Ohio facility, Precor not sold at acceptable price).