Peloton reports a drop in revenue and subscribers and an increase in churn for the fourth quarter of fiscal 2023.
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The latest Peloton recall involves Peleton Bike PL01 for a potentially faulty bike seat post.
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Connected fitness company Peloton is making significant improvements in subscription revenue and other categories.
Two co-founders of Peloton are leaving the company as Peloton tries to recover from a $1.2B Q4 FY22 loss.
In an attempt to return to profitability, Peloton lowers prices on bikes and treadmills and raises membership prices.
The new One Peloton Club bundled subscription lowers the barrier to entry which could attract new members.
After a $439M loss, Peloton’s CEO resigns and the company plans to lay off 2.8K employees and cut $800M in annual costs.
Just two weeks after a reporting a $(375)M loss for Q1 FY22, Peloton announced it hopes to raise $1B in a public offering of
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