Peloton Sees First Revenue Growth Since 2021, But Its End-of-Year Forecast Remains Mixed

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Peloton reported a modest sales increase of in its fiscal fourth quarter, marking its first year-over-year revenue growth since the 2021 holiday season. The company, now led by two board members after former CEO Barry McCarthy's resignation, focuses on profitability over growth. Significant cuts to marketing and sales expenses, increased free cash flow and adjusted EBITDA, boosted its results. The company provided a mixed outlook for the year ahead. Peloton plans to continue reducing marketing costs and invest in hardware and software improvements.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Peloton reported a modest sales increase in its fiscal fourth quarter, marking its first
00:07year-over-year revenue growth since the 2021 holiday season.
00:10The company, now led by two board members after former CEO Barry McCarthy's resignation,
00:15is focusing on profitability over growth.
00:18Significant cuts to marketing and sales expenses, increased free cash flow, and adjusted EBITDA
00:23boosted its results.
00:24The company provided a mixed outlook for the year ahead.
00:27Peloton plans to continue reducing marketing costs and invest in hardware and software
00:32improvements.
00:33For all things money, visit Benzinga.com.

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