Peloton posted a loss per share of $0.54, slightly higher than the estimated loss of $0.53. Revenue of $743.6 million beat estimates of $733.5 million but fell from $792.7 million a year ago. Peloton issued dismal third-quarter guidance, expecting $700 to 725 million revenue vs $754 million estimate. The gross margin on connected fitness products was 4.3%, beating the 3.4% estimate. CEO McCarthy's goals of growth and positive EBITDA by now were not achieved.
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00:00 It's Benzinga and here's what's on the block. Peloton posted a loss per share of $0.54,
00:05 slightly higher than the estimated loss of $0.53. Revenue of $743.6 million beat estimates of $733.5
00:13 million but fell from $792.7 million a year ago. Peloton issued dismissal third-quarter guidance
00:20 expecting $700 to $725 million revenue versus $754 million estimate. Gross margin on Connected
00:29 Fitness Products was 4.3% beating the 3.4% estimate. CEO McCarthy's goals of growth in
00:34 positive EBITDA by now were not achieved. Peloton exceeded its Connected Fitness subscription
00:40 projects, experienced robust sales through retail partners such as Dick's Sporting Goods and Amazon,
00:45 and saw a demand for its Thread Plus that was significantly higher than anticipated.
00:49 For all things money visit Benzinga.com