• Loading stock data...
Tuesday, May 21, 2024

Peloton Hopes Consumers Take A Spin With Refurbished Bikes

  • The fitness giant's refurbished bikes retail between $1,145 and $1,995.
  • The restored models are only available in the U.S. and Canada.

Peloton is trying to turn the corner with a new offer for its connected fitness bikes. 

The New York-based fitness giant has begun selling refurbished bikes at discounts up to $500 lower than the asking price of its newly manufactured models. 

The move follows multiple rounds of job cuts and shares of the company plummeting nearly 80% in the last year, including seven consecutive days of losses through Dec. 23.

  • Peloton’s refurbished bikes retail between $1,145 and $1,995
  • The restored models are only available in the U.S. and Canada.
  • Each refurbished bike comes with the same 12-month limited warranty as new models. 
  • Subscriptions to Peloton’s fitness offerings are not included with refurbished bike sales. 

In October, Peloton announced 500 layoffs, its fourth round of job cuts in 2022. 

The company reported lackluster earnings a month later with $616.5 million in revenue in fiscal Q1 2023, down from $805 million for the same period the year prior. The company failed to meet its own expectations of projected revenue between $625 million and $650 million in Q1. 

Diversifying Business 

Peloton is taking steps to alleviate the losses with a deal with the Hilton hotel chain. As part of the pact, Hilton will feature at least one Peloton bike in all 5,400 of its brand hotels in the U.S.


Peloton, Hilton Team Up in Unique Deal

All 5,400 Hilton-branded hotels will have at least one Peloton bike.
October 3, 2022

The deal makes Hilton the first hospitality brand to feature Peloton bikes across its portfolio.

Earlier this year, Peloton secured a deal with Dick’s Sporting Goods to bring its equipment to brick-and-mortar stores, marking the first time Peloton’s products have been sold in retail locations outside its namesake stores.

Copy Link
Link Copied
Link Copied

What to Read

Historic Premier League Season Closes As U.S. Influence Expands

Man City can expect to receive roughly $79 million from the EPL’s system of merit payments.

WNBA’s Boom Time: Record Growth, Clark’s Debut, a Controversial Deal

League attendance is up by nearly a third, while the Liberty set a single-game ticketing record.

Chaos at the PGA Championship: Here’s What We Know

The No. 1 golfer in the world nearly didn’t make it to Valhalla Golf Club.

Mets Owner Faces Backlash After Tweet Sparks Trade Speculation

Mets owner Steve Cohen is walking back a now deleted tweet that further riled an impatient fan base.
podcast thumbnail mobile
Front Office Sports Today

The Next Era of the Harlem Globetrotters


Featured Today


‘This Is Semi-Pro’: Inside One Arena Football League Team’s Collapse

The collapse of the Georgia Force, as told by the players who lived it.
Michael Block signs autographs on the 18th hole during day three of practice for the PGA Championship at Valhalla Golf Club on Wednesday, May 15, 2024.
May 19, 2024

‘I Prefer It This Way’: How Life Works for PGA Club Pros

Here’s how life works for the qualifiers at golf’s second major.
February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.
May 18, 2024

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.
May 14, 2024

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

Peloton Timeline: CEO Changes, Layoffs, Recalls, and Falling Stocks

The company has fallen from grace after roaring success in 2020.
August 10, 2023

Alternative Golf Venues Thriving ‘Off-Course’ By Attracting Younger Players

In 2022, 15.5 million people participated in off-course golf activities. 
October 18, 2023

Peloton To Bring Live Sports To Its Fitness Devices

NBA League Pass will be available to watch on Peloton devices.

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
Nike's group fitness studios follow its Netflix workout streaming deal.
August 3, 2023

Nike Leans Into In-Person Fitness As Lululemon Cuts Back

With fitness classes already on Netflix, Nike now plans in-person studios.
UBS estimates that pickleball injuries have cost Americans $377 million this year.
June 27, 2023

Pickleball Injuries Could Cost U.S. Nearly $400 Million Per Year

UBS estimates that pickleball injuries have cost Americans $377 million this year.
Harry Kane joins Dak Prescott and Dustin Johnson as investors in OxeFit.
June 1, 2023

Harry Kane Invests in OxeFit, Fitness Startup Reaches $45 Million in Funding

Harry Kane joins Dak Prescott and Dustin Johnson as investors in OxeFit.
The huupe "smart" basketball hoop in a gym.
May 23, 2023

Can Basketball Hoops Become Part of the Smart Gym Ecosystem?

Huupe is selling its product to professional and college basketball teams.