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PTON - Peloton: Netflix's Earnings Plunge Is A Big Warning
April, 21 2022 07:56 PM
Peloton Interactive Inc.
Netflix shocked the market this week with its poor subscriber numbers. Given that Netflix is struggling with rising customer churn, it will be hard for other subscription plays like Peloton to ride out current conditions. Peloton is trying to raise prices during this difficult period for tech subscription businesses. This could backfire. Peloton's cost base is way too high relative to its gross profits, putting management in a difficult position as it navigates industry headwinds. For further details see:
Peloton: Netflix's Earnings Plunge Is A Big Warning
Stock Information
Company Name:
Peloton Interactive Inc.
Stock Symbol:
PTON
Market:
NYSE
Website:
onepeloton.com
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