secwatch.observer — SEC 8-K summary
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Issuer:     PELOTON INTERACTIVE, INC. (PTON)
CIK:        0001639825
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001639825-23-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peloton Q2 FY2023 revenue $792.7M, net loss $335.4M; FCF improves to -$94M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639825/000163982523000010/0001639825-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639825/000163982523000010/pton-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001639825-23-000010

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