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Article Date: February 2023
Word Count: 574

Peloton Loss Narrows, Will Keep Precor for Now


Results improved in Peloton’s fiscal second quarter and fourth quarter under the leadership of CEO Barry McCarthy, but red ink continued to gush, with a $335.4 million net loss compared to a loss of $439.4 million a year ago. The top line was hit hard by lower equipment sales, falling 30% to $792.7 million from $1,133.9 million. Adjusted EBITDA loss improved 54% to $122.4 million from a loss of $266.5 million, and the all-important free cash flow was reduced to -$94 million, and would have been positive $8 million backing out ... Log in to view full article.

 


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