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Article Date: May 2023
Word Count: 418

Peloton CEO Maps App Strategy, Return to Growth


CEO Barry McCarthy touted turnaround progress at the embattled connected fitness company at a JP Morgan investor conference on the heels of this week’s branding relaunch, seeing a path to breaking even on cash flow, expanding TAM through its new tiered digital offerings and getting the Tread+ back to market. PTON is on track to stanch its cash bleed, reducing negative cash flow to just $55 million last quarter compared to hemorrhaging $747 million in the March ’22 quarter when McCarthy took the helm. Break even is expected by the end ... Log in to view full article.

 


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