Peloton Q3 subs up 5%, gross profit up 47%, settles DISH patent dispute for $75M

PELOTON INTERACTIVE, INC.

2023-Q3 EPS reported -$2.97 revenue$2,158,100,000

Connected fitness subscribers grew 5% YoY; gross profit increased 47% YoY; Adjusted EBITDA loss narrowed $175M YoY.
Free cash flow loss reduced $691M YoY; ending cash balance increased sequentially.
Settled DISH Technologies patent dispute for $75M, resolving ITC infringement finding; Q4 FCF to be pressured.
Brand relaunch with tiered Peloton App coming this month; FAAS rentals grew 70% Q/Q to 47k subscribers.
Sold 7k PCR bikes in Q3; expects seasonal Q4 subscriber decline.

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 0.95

PELOTON INTERACTIVE, INC. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 4, 2023, Peloton Interactive, Inc. (“Peloton” or the “Company”) will hold a conference call regarding its financial results for the quarter ended March 31, 2023.

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PELOTON INTERACTIVE, INC. filing history →

Source: SEC EDGAR

accession 0001639825-23-000061

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