PTON - Why Peloton Interactive Shares Are Sinking Today | Benzinga
Peloton Interactive Inc (NASDAQ:PTON) shares are diving today after it reported mixed second-quarter financial results and issued third-quarter 2024 revenue guidance below estimates.
Sales declined 6% Y/Y to $743.6 million, beating the consensus of $733.5 million.
The exercise equipment and media company’s EPS loss was $(0.54), missing the consensus loss of $(0.53).
The total number of members in the quarter fell 4% Y/Y to 6.4 million. Ending connected fitness subscriptions rose 1% Y/Y to 3.00 million, and Ending App subscriptions fell 16% Y/Y to 0.718 million.
The average monthly paid app subscription ...