Peloton’s Q4 Earnings and Strength Push Send Shares Soaring Over 30%

August 22, 2024

The connected fitness company’s total revenue for Q4 was $643.6 million for the three months ending June 30 ($212.1 million of connected fitness products revenue and $431.4 million of subscription revenue), up from $642.1 million last year and outperforming its $618 – $643 million guidance range.

Peloton ended Q4 with 2.98 million paid connected fitness subscriptions, a net decrease of 75,000 in the quarter, and 615,000 paid app subscriptions, a net reduction of 59,000 in the quarter. Athletech News