tldrdaily.news logo
Tag

Peloton

All articles tagged with #peloton

Peloton’s Holiday Slump Tests AI Redesign Despite Profit Push
business23 days ago

Peloton’s Holiday Slump Tests AI Redesign Despite Profit Push

Peloton reported a softer holiday quarter, missing revenue ($657M vs $674M expected) and earnings (loss of 9c per share vs 6c expected), with hardware and subscription sales also brief of forecasts. The company cautioned that demand remains sluggish, guiding Q3 revenue to $605–$625M (below consensus $638M). Yet adjusted EBITDA beat expectations at $81M and the full-year target was raised to $450–$500M from $425–$475M, aided by 39% year-over-year EBITDA growth and debt reduction. CFO Liz Coddington is leaving, and CEO Peter Stern framed the results as a balance of innovation and profitability, signaling ongoing product upgrades and pricing adjustments despite weaker demand for the AI-driven lineup.

via CNBC|
#business#earnings#guidance
Peloton Recalls 833,000 Bikes Over Seat Post Safety Concerns
business3 months ago

Peloton Recalls 833,000 Bikes Over Seat Post Safety Concerns

Peloton is recalling 833,000 of its original Bike+ bikes due to a seat post defect that has caused two injuries and led to the detachment of the seat during use. Consumers are advised to stop using the bikes immediately and contact Peloton for a free repair, which involves installing a new seat post at home. This recall is part of a series of product safety issues faced by Peloton, including a previous recall of 2.2 million units of its base Bike models and a treadmill incident in 2021. The company is actively working to restore growth amid these challenges.

via CNBC|
#bike#business#injuries
Peloton Unveils AI-Driven Product Overhaul and Major Hardware Launch
business5 months ago

Peloton Unveils AI-Driven Product Overhaul and Major Hardware Launch

Peloton announced new versions of its Bike, Tread, and Row with advanced features like swivel screens, faster chips, and AI-powered personalized coaching, alongside price hikes for hardware and memberships, leading to a drop in its stock price. The company also acquired Breathwrk and plans to enhance user experience with AI and camera integrations, aiming to revitalize its brand under new leadership.

via Bloomberg.com|
#ai#business#fitness-technology
Peloton Unveils Major Hardware Overhaul and AI-Driven Product Lineup
technology5 months ago

Peloton Unveils Major Hardware Overhaul and AI-Driven Product Lineup

Peloton has launched its biggest hardware update in years, introducing new AI-powered features with Peloton IQ and a revamped lineup of bikes, treadmills, and rowers designed for versatile cross-training, alongside new community features and increased membership prices, aiming to reposition itself as a flexible, value-driven fitness option.

via WIRED|
#ai-powered-service#cross-training-series#hardware-launch
Peloton Turns Profit Amid Sales Decline and Job Cuts
business6 months ago

Peloton Turns Profit Amid Sales Decline and Job Cuts

Peloton unexpectedly posted a profit in its fiscal fourth quarter, driven by cost reductions and better sales, despite a 6% revenue decline. The company announced plans to cut an additional 6% of its staff and reduce operating expenses by $100 million by fiscal 2026 to improve profitability. Under new CEO Peter Stern, Peloton is focusing on cost restructuring, expanding its retail presence with micro-stores, and international growth, while also working to improve hardware margins and manage tariffs' impact. Despite recent challenges, Peloton is optimistic about returning to growth and profitability.

via CNBC|
#business#cost-cutting#growth-strategy