Peloton reported $757.9 million of revenue in the first quarter of its 2021 fiscal year, up 232% compared to last year.
A 137% year-over-year jump in connected fitness subscriptions helped boost revenues past projections. Peloton revised its 2021 fiscal year estimates upward for revenues and connected subscribers to $3.9 billion and 2.17 million, respectively.
Peloton shares are up 343% year-to-date, with the company now closing in on a $40 billion market cap. In a recent survey, 19% of young adults said Peloton is a must-have brand.
Peloton Revenue by Fiscal Year:
Projected 2021: $3.9 billion
2020: $1.8 billion
2019: $915 million
2018: $435 million
2017: $218.6 million
2016: $60 million