earnings
confidence high
sentiment positive
materiality 0.85
Peloton Q4 FY24 revenue $644M (+0.2% Y/Y); first positive FCF since 2021
PELOTON INTERACTIVE, INC.
2024-FY EPS reported
-$1.51
revenue$2,700,500,000
- GAAP net loss $30M, improvement of $211M Y/Y and $137M Q/Q.
- Adjusted EBITDA $70M, Free Cash Flow $26M; second straight quarter both positive (first since Q2 FY21).
- Subscription revenue $431M (+2.3% Y/Y), gross margin 68.2% (+100 bps Y/Y).
- Debt reduced ~$200M via May refinancing; average maturity extended to 2029.
- Restructuring on track for >$200M annual run-rate savings by end FY25; Sales & Marketing down 19% Y/Y.