Peloton Shares Down on Lower Outlook, Mixed Fiscal Q2 Results

February 1, 2024

Peloton Interactive reported* that total revenue was down 6 percent to $743.6 million for the fiscal second quarter ended December 31, 2023, compared to the company’s guidance range of $715 million to $750 million.

• Connected Fitness segment revenue was $319.1 million in the quarter, down 16 percent from $381.4 million in the prior-year period.
• Subscription revenue was up 3 percent to $424.5 million for the period.

Total gross profit was $299.4 million for the fiscal second quarter, yielding a gross margin of 40.3 percent of sales, versus 40 percent guidance. SGB Media