Peloton Seen Making Additional Cuts, Increasing Subscription Price -- Market Talk

Dow Jones12-12

1139 ET - Peloton Interactive will likely have to announce a $200 million cost-cutting plan if it doesn't see a return to connected fitness for another year or two, UBS analysts say in a research note. Those cuts show support the free-cash-flow story of the fitness-equipment company, the analysts say. "In the medium-term there is significant focus on paving the way for profitable growth that is also sustainable through a cycle," the analysts say, adding that they also expect a price increase in the subscription business of 11% to 12% from the current $39 price. Still, there's uncertainty around the outlook for subscription growth, the analysts add. Shares rise 3.6% to $9.84. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

December 11, 2024 11:39 ET (16:39 GMT)

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