Published on 6 Feb 2024 on GuruFocus.com via Yahoo Finance

Peloton Interactive Inc (PTON) Reports Mixed Q2 FY2024 Results Amidst Strategic Shifts

Revenue: Q2 total revenue decreased by 6% year-over-year to $743.6 million.Net Loss: Net loss widened by 42% year-over-year to $194.9 million.Gross Profit: Gross profit increased by 27% year-over-year to $299.4 million.Operating Expenses: Operating expenses decreased by 14% year-over-year to $486.5 million.Free Cash Flow: Improved by 61% year-over-year, with a reduction in net cash used in operating activities.Subscriptions: Ending Paid Connected Fitness Subscriptions grew by 1% year-over-year to 3.004 million.Challenges: Revenue growth remains a challenge, with a 6% year-over-year decline.

Warning! GuruFocus has detected 8 Warning Signs with PTON.

On February 1, 2024, Peloton Interactive Inc (NASDAQ:PTON) released its 8-K filing, detailing the financial results for the second quarter of fiscal year 2024. The company, known for its interactive fitness platform, operates in two segments: Connected Fitness Products and Subscription. The majority of its revenue stems from the sale of Connected Fitness Products, which includes bikes, treads, and related accessories.