Peloton Raises Guidance after Strong Holiday
Net loss expanded slightly to $55.4 million from a loss of $55.1 million in the fiscal second quarter ended Dec. 31 on a 77% jump in sales to $466.3 million from $262.9 million including subscription revenue that more than doubled. Some of the top line increase came from orders that were pulled forward from Q3 relative to last year, as the company has improved its delivery performance. Adjusted EBITDA, a metric which PTON prefers, was a loss of $28.4 million against a loss of $14.6 million last year as lower stock-based compensation expense, was more than offset by higher depreciation ... Log in to view full article.