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Article Date: November 2019
Word Count: 322

Peloton Loss Narrows in First Public Quarter

Net loss was $49.8 million in the first fiscal quarter ended Sep. 30 down from a loss of $54.5 million last year, as revenues grew 103% to $228.0 million from $112.1 million in PTON’s inaugural period as a public company. The top line results exceeded Wall Street expectations, but profits were lower than expected, sending the company’s shares down 8% to around $22.60. PTON shares plunged after its Sep. IPO, and have traded as low as $20.46, off almost 30% from the $29 offering price. Q1’s adjusted EBITDA loss was $21.0 million against $13.5 million after adding back stock-based compensation, ... Log in to view full article.


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