Latest Pro Cycling News
February 1, 2023
How to be a greener cyclist: 10 steps you can take to reduce your cycling carbon footprint
I’m coming to the conclusion that the smaller the changes we make as cyclists in a bid to reduce our collective carbon footprint, the more achievable they are, and the more likely we are to adopt them for life. The question is, how can we spot the opportunities that make...
February 1, 2023
Peloton Fiscal Q2 Results Surge Past Wall Street Targets
Peloton Interactive, Inc. narrowed its loss in the fiscal second quarter ended December 31, boosted by revenues coming well above Wall Street targets. The connected fitness leader also provided an upbeat outlook and indicated it no longer intends to sell Precor. In the quarter, net losses shrunk to $335.4 million,...
January 31, 2023
How Much Do Professional Mountain Bikers Get Paid? – Pinkbike’s State of the Sport Survey
In some major sports such as soccer, Formula One, or even road cycling, athletes' salaries are common knowledge and published annually. In mountain biking, athletes’ salaries are often shrouded in mystery. How much a rider gets paid can be an elusive number that is hard to decipher as a ‘salary’...
January 30, 2023
Polar Starts to License Their Sports & Fitness Algorithms
Polar has launched a website aimed at selling their sports/fitness/physiological algorithms to other companies. With this new venture, they aim to make it possible for other sport/fitness/etc. companies to leverage Polar’s algorithms. This could be used in areas such as sleep, activity tracking, training load, recovery, and more. In other words,...
January 26, 2023
Giant reportedly looking at US$20 million investment in Stages Cycling
According to media reports in Taiwan, leading global bike manufacturer Giant Group is looking to invest US$20 million in the power meter and indoor cycling brand Stages Cycling. Giant reportedly held an interim board meeting last week – with a strategic investment in Stages expected to be made via Giant’s...
January 25, 2023
Amsterdam’s Underwater Bike Garage Is Next-Level Cycling Infrastructure
Capable of holding up to 7,000 bikes and built at a cost of €60 million ($65.3 million USD), the facility at Amsterdam’s central station isn’t the largest bike garage in the country. It does, however, have a very unique feature: It is located entirely underwater. Bloomberg
January 20, 2023
The Fallout from the Pandemic Bike Boom
A month after lockdowns had them wondering about their future in the spring of 2020, they suddenly couldn’t keep up with demand. For a year and a half, staff worked overtime as Americans rolled out their dusty steads or bought new ones. A 50 percent increase in riding, plus supply...
January 20, 2023
The Pro’s Closet has another round of layoffs
The company that began in 2002 as an eBay store for pre-owned bikes and quickly expanded in size and workforce did not say how many employees were affected. In October, The Pro's Closet reduced its workforce by 15%. Bicycle Retailer
January 18, 2023
OnlyFans signs its first pro mountain biker
Lewis Buchanan, Norco enduro racer and YouTube athlete, is the first mountain biker to sign with OnlyFans. Buchanan announced the new partnership on Instagram, adding that he would use the new platform to share tips (but just tips) on bike setup and insider action at mountain bike events he attends...
January 18, 2023
Wahoo Fitness’ Debt Ratings Lowered On Potential Default
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall. S&P lowered its issuer credit rating on the company to ‘CCC-‘...