Peloton reports Q1 FY2024 results at or above guidance; expects 2H revenue growth and positive free cash flow

PELOTON INTERACTIVE, INC.

2024-Q1 EPS reported -$0.44 revenue$595,500,000

Ended Q1 with 54k Bike rental subscribers in US/Canada; targeting ~75k by year-end.
Rental revenue expected to grow ~90%+ YoY in FY2024; rentals accounted for >33% of Bike orders in Q1.
International revenue forecast to grow 20%+ in FY2024, led by UK and Germany.
Guides for return to revenue growth, positive adjusted EBITDA, and substantial positive free cash flow in 2H FY2024.
Announced partnerships with Liverpool FC, University of Michigan, lululemon, NYRR, NBA/WNBA to broaden brand awareness.

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, 2023.

Period: quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023, Peloton Interactive, Inc. (“Peloton” or the “Company”) will hold a conference call regarding its financial results for the quarter ended September 30, 2023. Peloton also issued a letter to its stockholders announcing its financial results for the quarterly period ended September 30, 2023 (the “Shareholder Letter”).

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PELOTON INTERACTIVE, INC. filing history →

Source: SEC EDGAR

accession 0001639825-23-000158

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