Peloton Q3 2021 Earnings Report
Key Takeaways
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.
Connected Fitness Subscriptions increased by 135% to over 2.08 million.
Total revenue grew 141% to $1,262.3 million.
Average Net Monthly Connected Fitness Churn was at a six-year low of 0.31%.
Digital Subscriptions grew 404% to approximately 891,000.
Peloton
Peloton
Peloton Revenue by Segment
Forward Guidance
Management will offer revised full-year guidance during prepared remarks on today’s earnings conference call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income