Peloton Q4 FY23 revenue $642M, net loss $242M, subscriber churn rises, recall costs weigh

PELOTON INTERACTIVE, INC.

2023-FY EPS reported -$3.64 revenue$2,800,200,000

FY Q4 revenue $642.1M, down 5% YoY; net loss $241.8M vs $1.26B loss prior year.
Connected Fitness subscriptions 3.078M, down 29k Q/Q; churn 1.4% vs 1.1% prior quarter.
Seat post recall added $40M accrual in Q4; 750k requests, 340k fulfilled, 15-20k paused subscriptions.
Pro-forma free cash flow positive $1M; expect negative in H1 FY24; Tread+ relaunch holiday season at ~$6k.
New growth initiatives: bike frame colors, Germany rentals, Liverpool FC and Univ. of Michigan partnerships.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

PELOTON INTERACTIVE, INC. reported financial results for the fiscal year ended June 30, 2023.

Period: the fiscal year ended June 30, 2023
Result: reported results

Exact text from the filing

On August 23, 2023, Peloton Interactive, Inc. (“Peloton” or the “Company”) will hold a conference call regarding its financial results for the fiscal year ended June 30, 2023. Peloton also issued a letter to its stockholders announcing its financial results for the fiscal year ended June 30, 2023 (the “Shareholder Letter”).

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PELOTON INTERACTIVE, INC. filing history →

Source: SEC EDGAR

accession 0001639825-23-000128

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