There’s plenty of “wheels coming off the bike” cheap gags to be made about Peloton (PTON) right now. Shares have been on the backfoot for most of the year and investors felt there was not much to cheer about following the connected-fitness company’s F4Q21 (June quarter) results. In the subsequent session, the stock shed 8% of its value. It wasn’t all bad, however. In fact, Peloton posted a beat on the top-line, with revenue increasing 54.3% year-over-year to $936.9 million, coming in ahead of the consensus estimate by $8.34 million. Connected fitness subscriptions increased by 114% from the same period last year to more than 2.
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Peloton Interactive (NASDAQ:PTON)
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Peloton Interactive (NASDAQ:PTON)
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From Nov 2020 to Nov 2021 Click Here for more Peloton Interactive Charts.