Peloton Interactive, Inc. - PTON STOCK NEWS

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.

Peloton Interactive (Nasdaq: PTON) has announced its participation in the upcoming Goldman Sachs Communacopia & Technology Conference. The event is scheduled for Wednesday, September 11, 2024, at 10:10 AM PDT (1:10 PM EDT). Liz Coddington, Peloton's Chief Financial Officer, will be representing the company at the conference.

Interested parties can access a live webcast of the event, as well as a replay, through the Events section of Peloton's Investor Relations website at https://investor.onepeloton.com/news-and-events/events. This participation provides an opportunity for investors and analysts to gain insights into Peloton's current strategies and future outlook.

Peloton Interactive (Nasdaq: PTON) has announced its participation in the Citi Global TMT Conference on Thursday, September 5, 2024, at 10:00 AM EDT. The company will be represented by Liz Coddington, Chief Financial Officer. Investors and interested parties can access a live webcast and replay of the event through Peloton's Investor Relations website.

This participation in a major industry conference provides an opportunity for Peloton to engage with investors and analysts, potentially discussing the company's financial performance, strategic initiatives, and future outlook. The event may offer insights into Peloton's position within the technology, media, and telecommunications sectors.

Peloton Interactive, Inc. (Nasdaq: PTON) has released its financial results for the fourth quarter and full year fiscal 2024. The company will host a conference call and live audio webcast to discuss the results on Thursday, August 22, 2024, at 8:30 a.m. ET. Investors and interested parties can access the live call registration and audio webcast through the provided links. For those unable to participate, a replay will be available on the company's investor relations page for 30 days following the call.