Peloton Shares Tumbled 18% After Quarterly Results

Tiger Newspress2022-05-10

Peloton Interactive was plunging in premarket trading Tuesday after the company’s earnings missed Wall Street expectations.

Third-quarter revenue came in at $964.3 million, under estimates for $970 million. Peloton reported a loss of $2.27 a share, wider than estimates calling for a loss of 83 cents a share.

Shares of Peloton were down 18% in premarket trading, poised to extend their 10% decline from Monday’s close. The stock skyrocketed in 2020 as gyms shuttered their doors and consumers invested in Peloton’s signature home workout equipment, but with the economy reopening, the shares are down over 60% this year..The company ended the quarter with 2.96M Connected Fitness subscriptions, representing 195 thousand net adds in the quarter and 42% year-over-year growth.

Average Net Monthly Connected Fitness Churn for the quarter was 0.75%.

Average Monthly Workouts per Connected Fitness Subscription was 18.8 in the quarter, up 21% sequentially, down 28% vs. last year’s Covid-impacted result, and up 6% vs. Q3 FY20, which included a partial benefit from the Covid-related engagement surge.

For Q4, the company expects revenue in the range of $675M to $700M vs. consensus of $823.74M; Adjusted EBITDA loss of -$120M to -$115M.

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Comments

gni
2022-05-11
gni
Plunge is the buzzword these days. [Speechless]
Dawang
2022-05-11
Dawang
Poor Peleton 😔😔
1nquisit0
2022-05-10
1nquisit0
Please like
ngng
2022-05-10
ngng
Daily
RW52
2022-05-10
RW52
Oh no... [Speechless]

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[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064024591","repostId":1106733303,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065253914,"gmtCreate":1652201656438,"gmtModify":1676535051375,"author":{"id":"3579482809178950","authorId":"3579482809178950","name":"Dawang","avatar":"https://static.tigerbbs.com/d0f01f2346125f600328ffd48beb3a4c","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Poor Peleton 😔😔","listText":"Poor Peleton 😔😔","text":"Poor Peleton 😔😔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065253914","repostId":1106733303,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065665863,"gmtCreate":1652189278152,"gmtModify":1676535048190,"author":{"id":"3553900041025922","authorId":"3553900041025922","name":"1nquisit0","avatar":"https://static.tigerbbs.com/3c22511f65f9157a35a7f105f2b1d9bf","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065665863","repostId":1106733303,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065698112,"gmtCreate":1652183694936,"gmtModify":1676535047108,"author":{"id":"3578617841803194","authorId":"3578617841803194","name":"ngng","avatar":"https://static.tigerbbs.com/b909b3a42bcfbf3b1cbd8bf9ed13dc8a","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Daily","listText":"Daily","text":"Daily","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065698112","repostId":1106733303,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065604434,"gmtCreate":1652182530028,"gmtModify":1676535046982,"author":{"id":"4100265120033250","authorId":"4100265120033250","name":"RW52","avatar":"https://static.tigerbbs.com/a60dbe5ba6d9edf9d4cf42c8c9e2eea1","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Oh no...&nbsp;[Speechless]&nbsp;","listText":"Oh no...&nbsp;[Speechless]&nbsp;","text":"Oh no... [Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065604434","repostId":1106733303,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":70,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1106733303"}