earnings
confidence high
sentiment neutral
materiality 0.75
Peloton Q2: Revenue $743.6M (-6% YoY), net loss $194.9M; expects positive FCF in Q4 but not full year
PELOTON INTERACTIVE, INC.
2024-Q2 EPS reported
-$0.98
revenue$1,339,200,000
- Total revenue $743.6M (-6% YoY); subscription revenue $424.5M (+3% YoY).
- Net loss $194.9M (improved from $335.4M YoY); adjusted EBITDA -$81.7M.
- Paid Connected Fitness subs 3.004M (+1% YoY); monthly churn 1.2% (flat YoY).
- Guides for positive free cash flow in Q4 FY24; expects revenue growth in Q4.
- Gross profit +27% YoY; total gross margin 40.3% vs 29.7% last year.