Peloton Interactive Aims to Spin in Right Direction
After reporting solid Q1 results at or above expectations, Peloton Interactive has set its sights on revenue growth acceleration and substantial positive free cash flow in H2, bolstered by the anticipated relaunch of its Tread+ treadmill, continued expansion of its bike rental program, and higher sales contribution from international markets. But several factors, including the PTON’s ability to efficiently grow its paid app subscriber base, could prevent the company from reaching its annual performance objectives. The company’s current forecast of a full-year adjusted EBITDA loss of $25 to $75 million was ... Log in to view full article.