This thread has been quiet for a long time. Today, Peloton is down -25% and trading has been halted.
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I’m waking up this thread, which has been in a “Sleeping Beauty” slumber for three years. One of the major embodiments of the Covid-era stay-at-home trend, Peloton (PTON) peaked at a share price of over $160 in 2021, only to sink into deepening gloom during 2022. It seems the bottom was hit in August 2024, when the share price was already under $3.
During the autumn, Peloton has started to show signs of waking from its coma, and I even picked up my first Peloton shares in October at just over six dollars. Today, the earnings report was released before the market open (for the forward-looking Peloton, this quarter is, unusually, already Q1/2025).
Revenue and EBITDA beat estimates—EBITDA by as much as 100% ($116 million vs. an estimate of 57 million). After all the lean years, it’s remarkable how loyal Peloton’s paying customers remain; monthly churn in Q1 was only 1.9%, meaning the churn is much lower than, for example, Netflix or Weight Watchers (which has a monthly subscriber churn of around 10%). To top it all off, Peloton appointed Peter Stern as its new CEO today in conjunction with the earnings release. This could be a real turnaround stock, this time to the upside.
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Garmin performed surprisingly well despite the growing popularity of Apple Watch.
Stable growth is expected for the coming years, and the company’s high net margin makes it one of the world’s most profitable companies by some measure. Garmin reportedly also ranks high in quality in the consumer products sector and thus apparently succeeds in gaining loyal customers/users.
https://x.com/Earnings_Time/status/1892184423652552848
https://x.com/finchat_io/status/1892232686787547495
Peloton’s Q4 exceeded expectations; for example, revenue and margins were clearly better than the company’s forecasts.
Cash flow was strong and profitability improved significantly. Peloton aims for growing revenue, positive full-year operating income, and strong cash flow.
https://x.com/Earnings_Time/status/1953421124194148741
Company’s own materials
Peloton uudistaa laitteensa ja nostaa hintojaan juuri ennen joulusesonkia.
Uusissa Bike+, Tread+ ja Row+ -malleissa on parempi ääni, 360° kääntyvä näyttö ja AI-kamera. Myös jäsenyydet kallistuvat, lisäksi yhtiö lanseeraa kestävämmän Pro Series -linjan hotelleihin ja taloyhtiöihin houkutellakseen uusia käyttäjiä.
"Key Points
- Peloton is deploying a revamped product assortment that includes AI-powered camera tracking, better audio and a 360-degree swivel screen for its Bike+, Tread+ and Row+.
- The connected fitness company is raising the prices of its equipment by a few hundred dollars each, while its all-access membership will increase from $44 to $49.99 per month.
- Peloton is also launching a commercial equipment line of more durable versions of its hardware that are better suited for higher-use settings like hotels and apartment buildings."
A U
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