PTON - This Must-See Comment from a Rival CEO Is Just What Peloton Investors Need to Hear
Peloton Interactive (NASDAQ: PTON) was one of the biggest beneficiaries of lockdown measures put in place during the pandemic last year, with more people seeking ways to exercise at home. The momentum is still strong, demonstrated by revenue and connected-fitness subscriptions soaring 141% and 135%, respectively, in the third quarter.
Many investors are concerned that as authorities start to loosen restrictions and economies slowly open back up, demand for at-home fitness equipment will weaken. But based on a comment made by Nautilus (NYSE: NLS) CEO Jim Barr on the Peloton competitor's latest earnings call , there's no need to worry.
Let's take a look.
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This Must-See Comment from a Rival CEO Is Just What Peloton Investors Need to Hear