Peloton is free cash flow positive, and could generate nearly $200 million in annual cash profits in a few years. Peloton Interactive (PTON 9.43%) investors had a crazy week. The stock slipped 22% on Thursday after Peloton reported its CEO is stepping down and it missed on Q3 2024 sales, while reporting positive free cash flow (FCF). However, it rebounded later that day, even as Wall Street weighed in with (mostly negative) comments on the report. Pelton is now down 5% since the report. Multiple analysts cu ...

总收入和净亏损 - Peloton公司在2024年第一季度的总收入为717.7百万美元，同比下降4%[12] - Peloton公司在2024年第一季度录得净亏损为1.67亿美元，同比减少39%[12] 收入构成 - 连接健身产品的收入为279.9百万美元，订阅收入为437.8百万美元[12] - 公司主要收入来源包括循环订阅收入、销售联网健身产品、租赁租约、配件和品牌服装等[29] - 公司的收入主要来自循环内容订阅收入、销售联网健身产品、租赁租约、配件和品牌服装等[29] 费用和支出 - 公司在2024年第一季度的销售和营销费用为170.3百万美元，同比增长10%[12] - Peloton公司在2024年第一季度的研发费用为76.8百万美元，同比下降2%[12] 重组计划和费用 - 公司在2022年宣布并开始实施了一项重组计划，以支持多年增长、扩大业务规模和降低成本[52] - 公司董事会于2024年4月22日批准了一项新的重组计划，旨在实现持续正面的自由现金流，继续投资于软件、硬件和内容创新，改善会员支持体验，并优化营销工作[55] - 公司因重组举措而产生的费用包括现金和非现金费用，总额分别为5540万美元和4800万美元[57] 资金和债务 - 公司与JPMorgan Chase Bank签订了第二次修订信贷协议，提供了7.5亿美元的贷款[75] - 公司为购买第二次修订信贷协议而发生的债务发行成本为110万美元[82] 市场风险和供应链压力 - 公司主要面临的市场风险是外汇风险，特别是美元与其他货币的汇率波动可能对收入产生不利影响[272] - 由于通货膨胀的上升，公司的供应链成本、材料成本和劳动力成本可能会受到额外压力[274] - 公司购买的零部件可能会受到供应商无法充分缓解通货膨胀、行业或经济压力的影响[276]

Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying off approximately 400 employees — about 15% of its global workforce — and reducing its retail showroom footprint to mitigate costs. This announcement, coinciding with its Q3 fiscal year earnings report, is part of the company’s broader strategy to slash annual run-rate expenses by over $200 million by the end of fiscal year 2025. “The objective of the cost reductions is to reshape Peloton to alig ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Access your favorite topics in a personalized feed while you're on the go. download the app Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview At the height of the pandemic, Peloton was on top of the world. Its stock pushed $171 per share and its market cap hovered around $50 billion. On Thursday, the company announced its CEO was out ...

Key Takeaways Peloton announced new cost-cutting measures, including layoffs, and that CEO Barry McCarthy was stepping down. The exercise company that has struggled with a slump in demand following a boom during pandemic lockdowns said it will slash its workforce by about 15% and reduce its showroom presence. Peloton's third-quarter loss and revenue missed analysts' expectations. Shares of Peloton Interactive (PTON) sank to an all-time low Thursday after the provider of exercise machines and online workouts ...

Peloton (PTON) reported $717.7 million in revenue for the quarter ended March 2024, representing a year-over- year decline of 4.2%. EPS of -$0.45 for the same period compares to -$0.79 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $719.94 million, representing a surprise of -0.31%. The company delivered an EPS surprise of -15.38%, with the consensus EPS estimate being -$0.39. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

财务数据和关键指标变化 - 公司Q3总收入为7.18亿美元,在公司指引范围内 [26] - 订阅业务收入占总收入的61%,为4.38亿美元 [26] - 连网健身业务收入为2.8亿美元 [26] - 总毛利为3.1亿美元,毛利率为43.1%,略高于公司指引 [26] - 连网健身业务毛利率为4.2%,剔除一次性存货减记后为7.4% [26] - 订阅业务毛利率为68.1%,环比提升80个基点 [26] - 调整后EBITDA为600万美元,超出公司指引 [27] - 公司首次实现正自由现金流9百万美元 [28] - 公司现金及等价物余额为7.95亿美元,另有4亿美元未使用的循环信贷额度 [29] 各条业务线数据和关键指标变化 - 连网健身会员数净增加5.2万,达306万 [23] - 连网健身会员月均净流失率为1.2%,优于内部预期 [23] - 自行车租赁业务新增租赁量同比增长10%,租赁转售也超预期 [23] - 认证二手和第三方零售渠道销售同比大幅增长,超预期 [23] - 付费应用订阅数减少4.4万,至67.4万,低于预期 [24] - 付费应用订阅月均流失率为9.2%,主要是因为部分用户套餐到期 [24] 各个市场数据和关键指标变化 - 国际连网健身会员数同比增长8% [67] - 国际市场连网健身会员流失率与美国市场相当,但品牌知名度较低 [69][70] - 公司将优化国际市场的营销投放,聚焦产品市场契合度高的细分群体 [67][68] 公司战略和发展方向及行业竞争 - 公司正在寻找新任CEO,希望找到能够执行公司下一阶段增长战略的合适人选 [10][11] - 公司将继续投资软件、硬件和内容创新,以提升会员体验,吸引更多用户 [14][15] - 公司看好连网健身行业未来的增长前景,行业正处于复苏拐点 [14] - 公司将通过优化营销投放效率、提升国际市场运营效率等措施实现盈利增长 [56][57][67][68] 管理层对经营环境和未来前景的评论 - 公司认为连网健身行业正处于复苏拐点,未来增长前景乐观 [14] - 公司对自身的产品、内容和会员体验充满信心,看好未来发展潜力 [39][40][41][100] - 公司将通过成本优化、提升营销效率等措施实现可持续的盈利增长 [45][46][56][57] 问答环节重要的提问和回答 问题1 **Douglas Anmuth 提问** 什么支撑公司2025财年实现显著正自由现金流的信心? [44] **Liz Coddington 回答** 公司拥有规模可观且高毛利的连网健身订阅业务,会员流失率较低;同时通过成本优化措施,公司无需依赖业务大幅增长也能实现正自由现金流 [45][46] 问题2 **Ronald Josey 提问** 公司如何平衡盈利能力、产品创新和增长? [54] **Karen Boone 和 Chris Bruzzo 回答** 公司将寻找能够执行增长战略的新CEO;同时将通过优化营销投放效率、提升国际市场运营效率等措施实现可持续盈利增长 [56][57][67][68] 问题3 **Jonathan Komp 提问** 公司如何诊断当前增长面临的挑战,确保正在投入的资源是合适的? [91] **Chris Bruzzo 和 Liz Coddington 回答** 公司认为连网健身行业正处于复苏拐点,未来增长前景乐观;同时公司将通过成本优化、提升营销效率等措施,确保资源投入到最有价值的领域 [92][95][96][97]

Peloton Interactive Inc (NASDAQ:PTON) reported disappointing fiscal third-quarter results before the open today. The company also announced it will cut 15% of its workforce -- roughly 400 jobs -- and that CEO Barry McCarthy is stepping down. PTON was up as much as 8.6% earlier, but has since pivoted sharply lower, down 7.1% at $2.99 at last glance. Peloton stock isn't too far removed from its April 25 record low of $2.91, and an executive today stated that the home fitness equipment name is still dealing wi ...

Investors don't see a rosy future, and it's only getting worse. Shares of connected fitness company Peloton Interactive (PTON 8.23%) stock dropped 27% in April, according to data provided by S&P Global Market Intelligence. While there wasn't any significant news in April, it was a continuation of a slide that's been ongoing and was reinforced with uninspiring results released in February. Things aren't going well in Peloton land Peloton rocketed to stardom early in the pandemic when fitness enthusiasts had ...

Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just more than two years in the role, the company announced Thursday. His departure comes as the company is planning to cut about 15% of its global workforce, or about 400 employees, to lower costs. Karen Boone, who is the current Peloton chair, and Chris Bruzzo, a Peloton director, will serve as interim co-CEOs while the board conducts a search for McCarthy's permanent replacement. HYATT, PELOTON TEAM UP TO OFFE ...