News Formal

Peloton’s Q1 earnings are in... and it’s still limping along.

  • 📰 verge
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

New quarter, same story. Peloton shares are falling after today’s earnings release in which the company said it was struggling to convert free users of its app to paid subscriptions. It pointed to recent partnerships, like the one with Lululemon, as an area of growth, along with hardware rentals.

But once again, subscriber churn was higher than expected — a not-so-encouraging trend for a company known for its loyal fanbase. It also confirmed that the Tread Plus will be relaunching at $5,995. That’s business, baby.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peloton's stock sinks as earnings outlook fails to impressCompany was ‘less successful at engaging and retaining free users and converting them to paying memberships’ with app relaunch
Source: MarketWatch - 🏆 3. / 97 Read more »