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.<\/p>\n
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.<\/p>\n
Total quarterly profit rose to $ 69.3 million from a loss of $ 49.8 million a year earlier.<\/p>\n
Total 1st quarter revenue rose by 232% to $ 757.9 million, which also exceeded Wall Street’s expectations of $ 748.04 million.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The average monthly outflow of users in the first quarter was 0.65% compared to 0.75% in the previous quarter.<\/p>\n","protected":false},"featured_media":124893,"menu_order":0,"template":"","newscat":[9],"newstag":[26360,30205,24451,30207,30206,28294,28296,30169,24933,24936,30168,30170],"issues":[],"class_list":["post-124892","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti","newstag-coronavirus-pandemic","newstag-fitness","newstag-peloton","newstag-tread-bike","newstag-tread-treadmill","newstag-begovaya-dorozhka-tread","newstag-bigova-dorizhka-tread","newstag-velosyped-tread","newstag-pandemyya-koronavyrusa","newstag-pandemiya-koronavirusu","newstag-fytnes","newstag-fitnes"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/124892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/124893"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=124892"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=124892"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=124892"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=124892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}