Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30.
Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in a row: $ 0.20, which is $ 0.09 more than analysts’ estimates of $ 0.11, and much better than losses per share – $ 1, 29 in the first quarter of 2020.
Total quarterly profit rose to $ 69.3 million from a loss of $ 49.8 million a year earlier.
Total 1st quarter revenue rose by 232% to $ 757.9 million, which also exceeded Wall Street’s expectations of $ 748.04 million.
It is known that the fitness company Peloton receives most of its revenue from the sale of bicycles and treadmills with displays, and to a lesser extent from subscriptions to its digital online platform for various types of fitness. However, the company does not provide separate figures for these revenue segments.
Available Peloton bikes and treadmills range in price from $ 1895 to $ 4295, and new features introduced in September: the treadmill and Tread bike will cost less than $ 3000 and $ 2495 and will be launched in early 2021.
Subscriptions for exercise machine owners cost $ 39 per month and involve family use by multiple clients. For those who don’t own the equipment, a monthly digital subscription for $ 13.99 is available through the app on iOS and Android devices.
Peloton said that the number of fitness subscribers to its digital platform exceeded 1.33 million, which is 137% more than a year earlier. The company’s management noted that during the quarter, the Peloton team continued to increase the amount of content on the platform, creating more than 2,400 new fitness lessons.
Another good indicator is that Peloton has continued to show a high level of involvement of its users and a record low percentage of those who refuse its fitness services.
In a pandemic and gym closure, the average number of workouts among Peloton audiences rose to 20.7 workouts per month from 11.7 a year earlier.
The average monthly outflow of users in the first quarter was 0.65% compared to 0.75% in the previous quarter.
By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people. Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid […]
Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]
Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares. According to a press release from AMD, the operation will create a company worth about $ 135 billion. “The acquisition of Xilinx will allow AMD […]
In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
According to Bloomberg, a source familiar with the situation, German manufacturer of sportswear and accessories Adidas AG is considering the possibility of selling its brand Reebok. “In the coming months, the company will decide whether to start the sale process,” the source said. According to the interlocutor of the agency, the internal assessment of sales […]
In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]
The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]
Next
The acquisition of the Creative factory by the company Kernel Group had a corruption component. Such an opinion was expressed by the expert of the Concorde Capital investment company, Alexander Paraschiy, according to the AgroPolit.com. He argues that the deal is profitable for Kernel, but would be a bane for the largest state-owned banks and […]
Next
LVMH CEO Bernard Arnault topped the list of the world’s richest people with a fortune of $ 186.3 billion, surpassing Amazon founder Jeff Bezos by $ 300 million. This was reported by Forbes. The top three also included Tesla and Space X chairman Elon Musk ($ 147.3 billion). According to the publication, Arno’s wealth increased […]
Next
The US company Amazon will expand its business in six cities of U S, investing more than $ 1.4 billion in this activity. This is stated in a statement published on the website of the corporation on Tuesday, August 18. “Today, we are pleased to announce the plans which provide for continued investment and the […]
Next
IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]
Next
The Prometey agribusiness holding company reconstructs the elevators and transport infrastructure around them. The Prometey company continues to follow the strategy of renovation and modernization of material-technical base at the expense of profit’s reinvestment. It is reported by the press service of the company. According to the message, in the 3rd quarter of this year, […]
Next
Singapore’s gross domestic product in the second quarter of 2020 fell by 41.2% compared to the previous quarter. This is evidenced by preliminary national statistics published on Tuesday, July 14. The volume of industrial production decreased by 23.1%, while construction fell by 95.6%, and the decline in services amounted to 37.7%. The results were a […]
Next
Japanese mobile operator SoftBank Group Corporation buys the british corporation – ARM Holdings Plc for 24.3 billion pounds ($ 32 billion). According to SoftBank, shareholders ARM Holdings could receive 1700 pence per share, which is 43% more than the value of the securities at the close of trading in London on Friday. Price of ARM shares […]
Next
The company will sell its networks in Central and Eastern Europe, which are not profitable, this opinion is shared by the experts on the energy market. The UK-Dutch oil and gas company Royal Dutch Shell, which profit fell 8 times due to the collapse in oil prices may abandon non-core assets and expose their networks […]
Next
This week the board of directors of one of the world’s largest US Company Yahoo will hold a series of meetings that will be devoted to the sale of the business, – The Wall Street Journal writes at December 2, 2015. According to the management, the company is weakening and it is very difficult to […]
Next
Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]
Next
In the 9th year AD, the Roman proconsul Publius Quinctilius Varus returned to the German provinces with three legions to suppress the rebellion of the tribe. He did it successfully three years earlier – but this time, the enemy has decided to change strategy, and the legions were destroyed. Last cry of Varus is known […]
Next
The Ukranian exchange simplified the access conditions on the market to the new consumers. Oleh Tkachenko, the Chief Executive Officer of Ukrainian exchange said: “NBU made a decision about the exchange derivatives banks deregulation. We provide them with the opportunity to trade the urgent contracts”. The exchange council of exchange platform decided not to levy […]
Next
The European Bank for Reconstruction and Development intends to provide the “Astarta” agro-holding a loan of $ 20 million. The money will be spent for modernization of sugar factories. This was said in the message of the bank. According to the report, the European Bank for Reconstruction and Development is considering the possibility to give […]
Next
2017 was marked by many interesting and significant events for Switzerland. They relate to science, culture, and the social life of the country, and have become important and notable for both Switzerland and for Ukraine. 1. We celebrate the 25th anniversary of the establishment of Ukraine-Switzerland diplomatic relations in 2017. Both sides undoubtedly appreciate well-established […]
Next
For the first time in 40 years, the American oil company ExxonMobil suffered an annual loss of $ 22.4 billion. Last year the company’s revenue fell by 30.7% to $ 46.5 billion. The agency notes that the company suffered billions in losses due to the coronavirus pandemic and falling demand for oil, as well as […]
Next
