Peloton Interactive, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 01, 2024 at 04:16 pm EST
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Peloton Interactive, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 743.6 million compared to USD 792.7 million a year ago. Net loss was USD 194.9 million compared to USD 335.4 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 0.98 a year ago. Diluted loss per share from continuing operations was USD 0.54 compared to USD 0.98 a year ago.
For the six months, revenue was USD 1,339.2 million compared to USD 1,409.2 million a year ago. Net loss was USD 354.1 million compared to USD 743.9 million a year ago. Basic loss per share from continuing operations was USD 0.98 compared to USD 2.18 a year ago. Diluted loss per share from continuing operations was USD 0.98 compared to USD 2.18 a year ago.
Peloton Interactive, Inc. is a provider of interactive fitness platforms. The Company provides connected, technology-enabled fitness and the streaming of immersive, instructor-led boutique classes to its members anytime, anywhere. Its segments include Connected Fitness Products and Subscription. The Connected Fitness Products segment includes the Companyâs portfolio of Connected Fitness Products and related accessories, Precor branded fitness products, delivery and installation services, Peloton branded apparel, extended warranty agreements, and commercial service contracts. Its Connected Fitness Products include Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide and Peloton Row. The Subscriptions segment provides access to content in its library of live and on-demand fitness classes. Its subscriptions are offered on a month-to-month or prepaid basis. It sells its products directly to customers through a multi-channel sales platform and via third parties.
PELOTON INTERACTIVE, INC. 
