Peloton Earnings Reports

Peloton continued its turnaround in Q3 FY2025, achieving positive free cash flow for the fifth consecutive quarter, narrowing its net loss significantly, and improving gross margins thanks to cost control and a favorable revenue mix.

Peloton's Q2 FY2025 results exceeded expectations, with paid connected fitness subscriptions, total revenue, gross margin, and adjusted EBITDA surpassing guidance. Member happiness improved, operating expenses decreased, and the company generated substantial cash flow. The balance sheet deleveraged, and full-year guidance was raised.

Peloton's Q1 FY25 results demonstrated progress towards long-term financial sustainability and profitability, exceeding guidance on key metrics. The company reported a GAAP net loss of $1 million, a significant year-over-year improvement. Free cash flow was $11 million, and the company is on track to achieve its FY25 goals, including cost savings and improved unit economics.

Peloton ended FY2024 with strong Q4 performance, meeting or exceeding guidance on key metrics. Total revenue was $644 million, up 0.2% Y/Y, with subscription revenue up 2.3% Y/Y. The company achieved a GAAP Net Loss of $30 million, an improvement of $211 million Y/Y, and positive Adjusted EBITDA and Free Cash Flow for the second consecutive quarter.

Peloton's Q3 FY2024 saw a total revenue of $717.7 million. The company achieved positive Free Cash Flow for the first time in over 3 years and announced a new restructuring program to reduce annual expenses by more than $200 million.

Peloton reported Q2 2024 results, outperforming expectations for paid subscribers, gross margin, and free cash flow. While revenue growth remains a challenge, the company is focused on restoring positive free cash flow and revenue growth in the coming quarters.

Peloton's Q1 FY24 revenue was $595.5 million, with a gross profit of $285.4 million and a gross margin of 47.9%. The company reported a net loss of $159.3 million and free cash flow of $(83.2) million. Peloton ended the quarter with 2.96 million paid connected fitness subscriptions and 763 thousand paid app subscriptions.

Peloton's Q4 FY2023 saw a 4% year-over-year increase in Connected Fitness subscriptions, but a sequential decline due to seasonal hardware sales slowdown and higher churn. Despite these challenges, the company achieved positive free cash flow (excluding the DISH legal settlement). The company is focused on growth initiatives, including new app subscription tiers and partnerships.

Peloton's Q3 2023 showed positive year-over-year trends, including a 5% increase in connected fitness subscriptions, a 47% rise in gross profit, and substantial reductions in both Adjusted EBITDA and Free Cash Flow losses. The company also settled a patent license agreement with DISH Technologies, which is expected to impact Q4 cash flow.

Peloton's Q2 FY2023 results show significant outperformance in key areas, including Connected Fitness subscriptions, hardware revenue, subscription revenue, and free cash flow. The company has focused on restructuring, cost reduction, and new product launches. They are aiming for free cash flow breakeven by year-end FY23.

Peloton's Q1 2023 results indicate substantial progress in its turnaround efforts. The company demonstrated improvements in free cash flow, gross margin, and adjusted EBITDA. Peloton ended the quarter with $938 million of unrestricted cash and an unused revolving credit line of $500 million.

Peloton's Q3 2022 revenue decreased by 24% year-over-year to $964.3 million. The company reported a net loss of $757.1 million, and free cash flow was $(746.7) million. However, subscription revenue grew by 55% year-over-year, reaching $369.9 million, and the company is implementing cost reduction initiatives to improve cash flow and profitability.

Peloton Interactive, Inc. reported a 6% increase in total revenue to $1,133.9 million for Q2 2022, driven by subscription revenue growth, while experiencing a net loss of $(439.4) million. The company's connected fitness subscriptions grew by 66% to 2.77 million. Peloton also announced significant restructuring initiatives, including a change in CEO and workforce reductions, aimed at streamlining operations and improving profitability.

Peloton's Q1 2022 showed a 6% increase in total revenue to $805.2 million, driven by Connected Fitness products and subscription growth. Ending Connected Fitness Subscriptions grew 87% to 2.49 million. However, the company reported a net loss of $(376.0) million, or $(1.25) per diluted share, and an Adjusted EBITDA loss of $(233.7) million.

Peloton's Q4 2021 saw a 54% increase in total revenue, reaching $937 million, driven by strong growth in Connected Fitness and digital subscriptions. Despite this growth, the company reported a net loss of $313.2 million, or $1.05 per diluted share, and an Adjusted EBITDA loss of $45.1 million. The results were impacted by recall-related costs and increased operating expenses.

Peloton's Q3 2021 saw a 141% increase in total revenue, reaching $1,262.3 million, driven by strong growth in Connected Fitness subscriptions, which grew 135% to over 2.08 million. The company reported a net loss of $(8.6) million, but Adjusted EBITDA was $63.2 million, representing a 5.0% margin. Member engagement was strong, with average monthly workouts per Connected Fitness Subscription reaching 26.0.

Peloton reported a strong second quarter with significant growth in connected fitness subscriptions, total revenue, and member engagement. The company's investments in hardware, software, and content have driven robust demand and member engagement. Total revenue grew by 128% to $1,064.8 million, and net income was $63.6 million.

Peloton Interactive, Inc. reported a significant increase in revenue and subscriptions for Q1 2021. Total revenue grew by 232% to $757.9 million, and ending Connected Fitness Subscriptions increased by 137% to over 1.33 million. The company launched Bike+ and announced the new Peloton Tread, contributing to its growth and profitability, with a net income of $69.3 million and an Adjusted EBITDA of $118.9 million.

Peloton's Q4 2020 saw substantial growth, with total revenue increasing by 172% to $607.1 million and ending connected fitness subscriptions growing by 113% to over 1.09 million. The company reported a net income of $89.1 million, a significant improvement from the previous year's net loss. Member engagement also reached new heights, with average monthly workouts per connected fitness subscription increasing to 24.7.

Peloton Interactive, Inc. reported a 66% increase in total revenue to $524.6 million for Q3 2020, driven by a 94% growth in Connected Fitness Subscribers, which reached over 886,100. The company's average net monthly connected fitness churn was 0.46%, and total members grew to over 2.6 million. Despite a net loss of $55.6 million, adjusted EBITDA was $23.5 million, representing a 4.5% adjusted EBITDA margin. Peloton raised its FY2020 guidance, expecting 1.04 million to 1.05 million ending Connected Fitness Subscribers and $1.72 billion to $1.74 billion in total revenue.

Peloton Interactive, Inc. reported strong financial results for Q2 2020, with a 77% increase in total revenue to $466.3 million. Ending Connected Fitness Subscribers grew by 96% to 712,005. However, the company experienced a net loss of $(55.4) million and an Adjusted EBITDA loss of ($28.4) million.