Despite a solid financial footing and promising strategic innovations, Peloton’s fourth-quarter results reported Thursday (Aug. 22) expose a troubling reality: a dramatic plunge in subscription numbers.The company’s ambitious upgrades to its product and content have failed to counteract a steep decline in both Connected Fitness and app subscriptions, casting a shadow over its otherwise stable performance.Peloton, which saw modest 0.2% revenue growth, to $644 million, ended the fourth quarter with 2.98 milli ...

ToplineShares of Peloton swelled by more than 36% on Thursday, pacing the exercise machine company’s largest single-day percentage gain since going public in 2019, after the company reported year-over-year revenue growth for the first time in two years—though Peloton’s market cap is still well below an all-time high reached during the pandemic.The company reported its first year-over-year revenue and quarterly sales growth in years.Getty Images Key FactsPeloton’s shares increased to over $4.50 as of around ...

文章核心观点 - 高端健身公司Peloton似乎正在推进其转型计划,在第四季度报告了9个季度以来的首次销售增长 [1][2] - 公司表示销售额同比增长0.2%,这标志着自2022财年以来首次实现同比增长,被视为公司的积极信号 [2] - 过去两年,公司一直在努力保持相关性,采取各种措施来降低成本和扩大客户群,但其转型计划仍然存在挑战 [3][4][5][6] 根据相关目录分别进行总结 公司业绩和财务状况 - 公司第四季度销售额同比增长0.2%,这是自2022财年以来首次实现同比增长 [2] - 公司正在努力稳定资产负债表、降低成本、降低库存、改善现金流等 [4] - 分析师认为公司目前估值合理,但需要稳定收入基础并重新实现增长才能进一步提升股价 [7][8] 公司转型和发展策略 - 公司在过去两年里一直在努力保持相关性,采取各种措施来降低成本和扩大客户群 [3] - 公司目前的重点是稳定财务状况,但在品牌增长方面还没有太多进展,未来增长目标也被推迟 [5][6] - 分析师认为公司需要由新任CEO来解决品牌增长的问题,才能实现更大的反弹 [6]

Key TakeawaysPeloton Interactive posted year-over-year quarterly revenue growth for the first time in more than two years.The company reported a narrower-than-expected loss and made progress on its restructuring plan.Shares soared more than 35% in intraday trading Thursday. Peloton Interactive (PTON) shares raced more than 35% higher in intraday trading Thursday after the company posted year-over-year quarterly revenue growth for the first time in more than two years. The home fitness equipment and subscrip ...

Peloton Interactive reported its first sales increase in nine quarters and beat estimates, indicating that the fitness equipment maker’s years-long turnaround efforts were paying off, sending its shares surging 28% on Thursday.The restructuring aims to stanch a slump in sales of its high-end, at-home equipment following a boom during the pandemic as customers cut back on discretionary spending in the face of elevated interest rates and sticky inflation.Peloton reported a 0.2% rise in sales for the fourth qu ...

财务数据和关键指标变化 - 公司第四季度总收入为6.44亿美元,略高于预期区间的上限 [48] - 总毛利率为48.5%,高于预期区间的上限 [49] - 连接健身设备业务毛利率为8.3%,优于内部预期 [49] - 调整后的连接健身设备业务毛利率为10.2%,较去年同期提升15个百分点 [49] - 公司第四季度实现70万美元的调整后EBITDA,较去年同期改善1.05亿美元 [53] - 公司第四季度实现2600万美元的自由现金流,连续第二个季度实现正自由现金流 [53] 各条业务线数据和关键指标变化 - 连接健身设备订阅用户数净减少7.5万,超出预期上限 [45] - 应用订阅用户数净减少5.9万,超出预期上限 [46] - 连接健身设备业务收入为2.12亿美元 [48] - 订阅业务收入为4.31亿美元 [48] 各个市场数据和关键指标变化 - 公司正在优化国际市场的进入策略,将采取更轻资产的方式进入新市场 [117] 公司战略和发展方向及行业竞争 - 公司正在聚焦提高盈利能力和现金流,同时投资创新以实现可持续增长 [11][12][15][17] - 公司正在优化营销策略,减少营销支出以提高效率 [26][27] - 公司正在投资软件和内容创新,包括社交功能、个性化计划、力量训练等 [39][40] - 公司正在探索新的合作伙伴关系,如与Lululemon、Google Fitbit的内容授权合作 [20] - 公司对健身器材业务毛利率的提升持乐观态度 [21][22][121][122] - 公司认为健身器材行业正在从疫情后的下滑中逐步恢复 [74][75] - 公司看好长期健身器材行业的增长潜力 [75] 管理层对经营环境和未来前景的评论 - 管理层对宏观经济环境和消费者需求持谨慎态度,预计短期内健身器材销售将受到影响 [55][56][57][65] - 管理层认为通过产品和内容创新、营销策略优化等措施,可以提高用户参与度和留存率,但时间存在不确定性 [109][110][113] - 管理层对公司未来一年的订阅用户增长持谨慎态度,但对提升盈利能力和现金流持乐观态度 [61][65][66][67] 其他重要信息 - 公司已完成债务再融资,减少了约2亿美元债务,平均债务期限延长至2029年 [13][14] - 公司将不再提供原始健身车的租赁服务,转而专注于销售二手车和Bike+租赁 [19] - 公司将对二手健身车用户收取95美元的激活费,以提升用户体验 [29][30][31][32] - 公司正在测试个性化训练计划、力量训练应用等新功能 [39] 问答环节重要的提问和回答 问题1 **Bryan Smilek 提问** 行业复苏的进度如何,公司未来1-2年的重点增长举措是什么? [73] **Liz Coddington 回答** 行业整体仍在下滑,但下滑幅度已大幅收窄,预计未来几个季度将出现反转。公司将重点关注Tread业务增长、内容和社交功能创新以及营销策略优化等。[74][75][76][77] 问题2 **Eric Sheridan 提问** 公司如何提高LTV/CAC比率,哪些因素在公司控制范围内? [80] **Chris Bruzzo 和 Karen Boone 回答** 公司正通过提高硬件毛利率、优化营销支出效率等措施来改善LTV/CAC比率。同时,也在努力提高用户参与度和留存率,但时间存在不确定性。[81][82][83][84][85] 问题3 **Arpine Kocharyan 提问** 2025财年订阅用户预测的具体构成是什么,增加和流失的因素分别是什么? [104] **Liz Coddington 回答** 订阅用户预测存在较大不确定性,既受宏观经济和疫情影响,也受公司定价策略、促销策略等因素影响。公司正在努力提高用户参与度和留存率,但时间存在不确定性。[107][108][109][110]

Ljupco/iStock via Getty Images Investment Thesis Peloton Interactive, Inc. (NASDAQ:PTON) just came out with fiscal Q4 2024 earnings that showed all the bears just how wrong they were. And I want to include myself in that lineup as one of the most outspoken SA bears on PTON. The business is shrinking, and of that, there's no doubt. But the fact of the matter is that Peloton is likely going to survive! I love investing because it's the best reminder (outside of marriage life) of what a complete idiot you can ...

Peloton Interactive (NASDAQ:PTON) just reported results for the fourth quarter of 2024.Peloton Interactive reported earnings per share of -8 cents. This was above the analyst estimate for EPS of -17 cents.The company reported revenue of $643.60 million.This was 2.08% better than the analyst estimate for revenue of $630.48 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including ...

Peloton Interactive, Inc. (PTON) reported fourth-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Following the results, the company’s shares increased 12% in the pre-market trading session on Aug 22.Earnings and RevenuesPTON reported an adjusted loss per share of 8 cents, narrower than the Zacks Consensus Estimate of a loss of 18 cents. In the prior-year quarter, the company had reported an adjusted loss of 68 cents per share. Revenues for the quarter ...

Peloton achieved positive free cash flow for the second consecutive quarter, blowing out expectations.Peloton Interactive (PTON 27.83%) looks to finally be reaping some benefits from a turnaround plan long in the making. Investors piled into the interactive fitness company's stock Thursday after Peloton reported its fiscal fourth-quarter results.Shares were up 27% just before 11 a.m. ET, after the company beat earnings and revenue expectations as the company continues to execute its turnaround strategy. Eve ...