Welcome to our dedicated page for Peloton Interactive news (Ticker: PTON), a resource for investors and traders seeking the latest updates and insights on Peloton Interactive stock.
Peloton Interactive, Inc. (NASDAQ: PTON) is revolutionizing the fitness industry by delivering live-streaming instructional content through its technologically advanced indoor exercise bikes and treadmills. Founded in 2012 and headquartered in New York City, Peloton operates an interactive fitness platform divided into two segments: Connected Fitness Products and Subscription.
The company is renowned for its Connected Fitness Products segment, which includes sales of its flagship indoor bikes, treadmills, and other related accessories. This segment also covers fees for delivery, installation, and extended warranty agreements.
The Subscription segment generates revenue from monthly Connected Fitness and Digital Subscriptions. These subscriptions provide users with access to a vast library of live and on-demand classes, led by top instructors, that can be accessed on their Peloton equipment or through the Peloton App on various devices.
In recent developments, Peloton has announced a comprehensive restructuring effort aimed at aligning its cost structure with its business scale, ensuring sustained positive cash flow. This plan is expected to reduce annual run-rate expenses by over $200 million by the end of the 2025 fiscal year.
Peloton holds a significant market presence across the US, UK, Canada, Germany, Australia, and Austria, boasting millions of Members. The company continually invests in software, hardware, and content innovation, enhancing its member support experience and optimizing marketing efforts to scale its business. The company's offerings are not limited to home use; Peloton provides fitness solutions that cater to users at home, outdoors, traveling, or at the gym.
Peloton's commitment to delivering an unparalleled fitness experience is reflected in its recent financial maneuvers. The company has successfully completed a holistic refinancing, reducing its overall debt, extending maturities, and achieving more flexible loan terms. This includes the offering of $300 million aggregate principal amount of Convertible Senior Notes due 2029 and the entry into new credit facilities totaling $1.1 billion.
For investors, Peloton's recent participation in high-profile events like the Morgan Stanley Technology, Media & Telecom Conference underscores its prominence in the tech and fitness sectors. The company’s robust financial health, strategic cost-saving measures, and continuous focus on innovation position it as a leading player in the connected fitness market. For more information, visit www.onepeloton.com.
Peloton Interactive (Nasdaq: PTON) has announced its participation in the UBS Global Media and Communications Conference on Tuesday, December 10, 2024, at 9:45 AM ET. The company will be represented by Chief Financial Officer Liz Coddington. Investors and interested parties can access both the live webcast and replay of the presentation through Peloton's Investor Relations website.
Peloton (NASDAQ: PTON) has released its fourth annual ESG report for FY2024, showcasing progress in environmental and social initiatives. The company is on track to submit emissions-reduction targets to SBTi by 2025 and aims to source 100% renewable energy for global operations by FY26, currently at ~80%.
Key achievements include advancing circularity through refurbished and rental programs, completing the first carbon footprint assessment for the Peloton Bike, and reaching ~199,000 individuals through community engagement programs.
The company earned a perfect score on the Human Rights Campaign's Corporate Equality Index and launched the Seated Adaptive Transfer Program for inclusive fitness accessibility.
Peloton (NASDAQ: PTON) launched a new creative campaign titled 'Find your push. Find your power.' targeting new audiences, particularly millennial males. The first phase features football players T.J. and J.J. Watt showcasing their sibling rivalry across Peloton's platform. Research shows over 70% of millennial males engage with running, yet many are unaware of Peloton's Tread offerings. The campaign, produced with Special London, highlights various workout options including running, cycling, strength training, and yoga. The campaign will air in North America in both English and Spanish across multiple channels including TV, digital, and social media.
Peloton Interactive (PTON) announced its first quarter fiscal 2025 financial results on October 31, 2024. The company has scheduled a conference call and live audio webcast at 8:30 a.m. ET to discuss the results with investors. A replay of the conference call will be available on the company's investor relations website for 30 days for those unable to attend the live event.
Peloton (NASDAQ: PTON) has appointed Peter Stern as CEO and President, effective January 1, 2025. Stern, currently President of Ford Integrated Services and former Apple executive, brings extensive experience in scaling technology platforms and subscription services. As a Peloton member since 2016 and co-founder of Apple Fitness+, Stern combines product innovation with fitness industry knowledge. He previously managed various subscription businesses at Ford and Apple, and held executive positions at Time Warner Cable. Karen Boone will serve as sole Interim CEO through 2024, while Chris Bruzzo will step down as Interim Co-CEO on November 1, 2024.
Peloton Interactive, Inc. (NASDAQ: PTON) and Costco (NASDAQ: COST) have announced a partnership to sell the Peloton Bike+ in 300 US Costco stores and on Costco.com during the holiday season. Starting November 1, Costco members can purchase an exclusive Bike+ bundle through February 15, 2025, or while supplies last. This marks Peloton's first seasonal retail collaboration in the United States.
The Peloton Bike+ will be self-assembly and is expected to retail for $1,999 in-store and $2,199 online (including delivery), with a 48-month extended warranty. The required All-Access Membership, priced at $44 USD/month, provides unlimited access to Peloton's content library with 16 modalities.
This partnership allows Peloton to expand its third-party retail relationships and create exposure among Costco's 136 million loyal members during the important holiday season.
Peloton Interactive, Inc. (NASDAQ: PTON) has announced that it will release its first quarter fiscal 2025 results on Thursday, October 31, 2024, before the U.S. stock market opens. The company will host a conference call and live audio webcast to discuss the results at 8:30 a.m. Eastern Time on the same day.
To participate in the call, interested parties can register for dial-in details through a provided link. A live webcast of the conference call will be available on the company's investor relations website. For those unable to attend, a replay will be accessible on the investor relations page for 30 days following the call.
World of Hyatt and Peloton have announced a collaboration that allows World of Hyatt members to earn points for completing Peloton workouts at 700+ participating Hyatt hotels worldwide. Members can earn 100 Bonus Points per completed workout on up to 10 qualifying workouts of at least 20 minutes per month, with the potential to earn up to 12,000 Bonus Points per year. This initiative makes World of Hyatt the first loyalty program to reward members for Peloton workouts on property globally.
The collaboration also offers special benefits for World of Hyatt Credit Cardmembers, including 2X Bonus Points per $1 USD spent on Peloton equipment and subscriptions. Additionally, World of Hyatt members can enjoy discounts on Peloton equipment and extended free trials for the Peloton App One Membership. The partnership aims to enhance guests' wellbeing routines while traveling and provide more opportunities to earn points towards future bookings, upgrades, and experiences.
Peloton (NASDAQ: PTON) and Truemed have announced a partnership enabling qualified US-based customers to purchase Peloton equipment using pre-tax HSA/FSA dollars. This collaboration aims to make fitness more accessible as a means to address chronic health conditions, potentially saving customers up to 40% off their purchase.
Applicable products include the Peloton Bike, Bike+, Tread, Tread+ and Row. The partnership seeks to empower individuals to prioritize their health by streamlining access to fitness products and services. Customers can select the 'Pay with HSA/FSA funds' option at checkout, complete a brief health survey, and use their HSA/FSA card or credit/debit card for payment. A licensed medical provider will review submissions and issue a Letter of Medical Necessity if eligibility is confirmed.
Harmonic Growth Partners, a leading expansion-stage investment firm, has announced the addition of Daniel Vernic as Principal to its investment team. This move strengthens Harmonic's unique investment model that combines experienced investors with world-class technology CEOs. Daniel, based in San Francisco, brings experience from Goldman Sachs and holds an M.B.A. from the University of Virginia Darden School of Business.
Harmonic's strategy integrates seasoned investors and accomplished technology CEOs, with the founding partners having backed industry leaders like Teladoc (NASDAQ: TDOC) and Peloton (NASDAQ: PTON). The firm's CEO Partners, including Dave Yarnold and Manolo Sanchez, have collectively driven over $15B in successful exits. Harmonic's portfolio includes market leaders such as ApplyBoard, Caribou, and Electric, offering a unique value proposition to expansion-stage management teams.
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