Peloton Interactive, Inc. Stock Price, News & Analysis

Peloton Interactive, Inc. (Nasdaq: PTON) reported preliminary results for its second quarter Fiscal 2022, ending December 31, 2021. The company achieved total revenue of approximately $1.14 billion, exceeding previous guidance of $1.1 billion to $1.2 billion. However, Connected Fitness subscriptions reached around 2.77 million, falling short of the guidance of 2.8 million to 2.85 million. Adjusted EBITDA ranged from $(260) million to $(270) million, better than earlier predictions of $(350) million to $(325) million. Peloton plans to provide further details in its earnings report on February 8, 2022.

Peloton Interactive, Inc. (Nasdaq: PTON) will release its second quarter fiscal 2022 results after the U.S. market closes on February 8, 2022. A conference call to discuss these results is scheduled for 5:00 p.m. (ET) the same day. Investors can join the call via a toll-free number or access a live webcast on Peloton's investor relations page. For those unable to attend, a replay will be available from February 8 to February 15, 2022. Peloton boasts a community of over 6.2 million members and continues to innovate in the fitness technology space.

Peloton Interactive has priced a public offering of 23,913,043 shares of its Class A common stock at $46 per share, aiming to raise approximately $1.07 billion in net proceeds. The offering is set to close on November 18, 2021. A 30-day option for underwriters to purchase an additional 3,260,869 shares is included. The funds will support general corporate purposes, including working capital and potential acquisitions. Notable investors include Durable Capital Partners and T. Rowe Price, with Goldman Sachs and J.P. Morgan leading the underwriting.

Peloton Interactive, Inc. (PTON) announced a public offering of $1 billion in Class A common stock, with an option for underwriters to purchase an additional $150 million. This offering is subject to market conditions, with no guarantee of completion. The registration statement has been filed with the SEC. Interested buyers include entities affiliated with Durable Capital Partners and TCV. Goldman Sachs and J.P. Morgan are leading the underwriting process. The funds will be used for general corporate purposes, but the exact application remains uncertain.

Peloton (NASDAQ: PTON) launched the Peloton Guide, its first connected strength training product, priced at $495 USD. The AI-enabled device connects to televisions, providing access to expert instructors and content for strength training. Key features include Movement Tracker for tracking exercises, Self Mode to compare form in real-time, and a Body Activity feature that recommends classes based on muscle use. The Guide promotes a guided strength experience at home and aims to attract new members with its accessibility and pricing. It will be available in early 2022 in the US, Canada, UK, Australia, and Germany.

Peloton Interactive (Nasdaq: PTON) has announced its first quarter 2022 financial results. The company emphasizes its leadership in the interactive fitness platform sector, boasting a community of over 6.2 million Members. Peloton continues to innovate with a unique subscription model integrating top-notch equipment and digital fitness content. A live audio webinar will occur on November 4, 2021, at 5:00 p.m. ET to discuss these results, with details available through their investor relations website.

Peloton (Nasdaq: PTON) has released its inaugural Environmental, Social and Governance (ESG) Report for the fiscal year 2021, highlighting its commitment to social responsibility, sustainability, and strong governance practices. Key points include a $100 million pledge to promote anti-racism initiatives, strategies to assess and mitigate environmental impact, and a focus on fostering an inclusive workplace. The report will be published annually, providing a roadmap for the company's ESG objectives and practices moving forward.

Peloton (NASDAQ:PTON) announced the launch of its most extensive Artist Series to date, collaborating with Beyoncé. Starting October 19, the Peloton x Beyoncé Artist Series will feature 17 classes streamed over 72 hours from Peloton Studios in New York and London. This series aims to motivate participants with music and a focus on personal empowerment. Classes will be available in English, German, and Spanish, including cycling, treadmill, and strength workouts. Additionally, Peloton is donating bikes to 10 HBCUs to promote fitness among students.

Peloton Interactive, Inc. (Nasdaq: PTON) is set to release its first quarter fiscal 2022 results after market close on November 4, 2021. A conference call to discuss the results will commence at 5:00 p.m. (Eastern Time) on the same day. Interested parties can dial in using the U.S. toll-free number 1-877-667-0469 or the international number 1-346-406-0807, with a Conference ID of 8173296. A live webcast will be available on the investor relations page of Peloton's website.

Peloton serves a community of over 5.9 million members, offering a unique subscription platform for interactive fitness.