• Loading stock data...
Wednesday, August 13, 2025
Stephen A. Smith vs Clay Travis at Tuned In on September 16 in NYC. Don’t miss it. Buy tickets now!

Peloton Touts Subscriber Growth Amid Heavy Losses

  • Peloton missed analyst expectations and saw its stock tumble 13.5%.
  • The company touted subscriber growth a coming brand relaunch.
A Peloton user enjoys a Peloton fitness workout.
Peloton

Peloton CEO Barry McCarthy described its fiscal quarter as the best he has seen with the company, but investors were left cold.

The connected fitness giant booked $748.9 million in the fiscal third quarter ending March 31, missing analyst expectations and causing the company’s stock to tumble 13.5% on Thursday.

Peloton lost an unexpectedly large $275.9 million in the quarter as it continues to struggle with supply chain issues and slackening demand following the end of pandemic closures.

In May, McCarthy said that the company “will relaunch our brand” to target fitness enthusiasts of all kinds, as opposed to the brand’s original core proposition based on at-home cycling. He also said the company would relaunch the Peloton app with a tiered membership structure, calling those campaigns “two of our most important growth initiatives.”

Peloton

Peloton Fined $19M For Failing to Immediately Report Defects

Peloton recalled roughly 125,000 of its Tread+ treadmills in May 2021.
January 6, 2023

McCarthy touted the company’s 5% year-over-year uptick in connected fitness subscribers, but acknowledged that growth in that category tends to dip in Peloton’s fiscal fourth quarter — and he expects the same to happen this year.

The company has sought to broaden its reach through renting out its equipment and selling refurbished bikes.

Thus far, Peloton has been unable to reverse its tailspin since its acme in late 2020. The company’s stock has fallen 95.3% since and now sits below where it was prior to the pandemic.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

After Draft-Day Snub and Drama, Sanders to Start Preseason Opener

Multiple injuries mean Sanders gets the nod for the opening preseason game.

US Open Breaks Prize Money Record, Still Leads All Grand Slams

The total 2025 US Open prize money is $85 million.

Former Heat Security Guard Indicted in $2M Memorabilia Scheme

He is accused of stealing more than 400 game-worn jerseys and other memorabilia, prosecutors say.

WNBA Hits Sophie Cunningham With Fine Over Ref Criticism—Again

Cunningham was fined $500 in July for criticizing referees on a TikTok.

Featured Today

Schultz of Israel-Premier Tech

Rice Krispies Treats Are Upending the Billion-Dollar Athlete-Fuel Wars

The world’s most elite athletes are eating like first graders.
Dec 14, 2019; Philadelphia, PA, USA; President Donald Trump wave during the second quarter of the game between the Navy Midshipmen and the Army Black Knights at Lincoln Financial Field
August 9, 2025

‘Political Gold’: Trump Putting His Stamp on College Sports 

Trump has embraced executive action on hot-button college sports issues.
August 3, 2025

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty
August 2, 2025

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.