PTON - This Pandemic Favourite Stock Surging After Q1 Performance - Is The Poor Run Over? | Benzinga
Peloton Interactive Inc (NASDAQ: PTON) reported a first-quarter FY24 sales decline of 3% year-on-year to $595.5 million, beating the consensus of $591 million.
The American exercise equipment and media company's EPS loss was $(0.44), missing the consensus loss of $(0.33).
Also Read: Peloton In For A Rough Ride With Increased Churn and Revenue Risks, Analyst Forecasts
The total number of members in the quarter fell 4% Y/Y to 6.4 million. Ending connected fitness subscriptions rose 2% Y/Y to 2.96 million, and Ending App subscriptions fell 13% to 0.76 million.
The average monthly paid app subscription churn was 6.3%. ...