Analysts expect Peloton to announce another major bump in subscribers and revenues in its quarterly earnings report. The connected fitness company is coming off its first profitable quarter thanks, in large part, to the demand for its home fitness offerings jumping during the pandemic.
Total revenues for the most recent quarter are expected to exceed $736.4 million and connected bike and treadmill subscribers should reach 1.3 million, about a 20% gain each over last quarter.
One of the biggest issues for Peloton has been keeping up with demand, especially for its bikes — its new Bike+ has a 10-plus week wait, according to the company’s website. A new factory is set to come online before year’s end.
