PTON
Peloton Interactive, Inc.6.19
-0.06-0.96%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Commercial pivot, durable upgrades explained
Q&A pinned the Q2 equipment miss squarely on overestimated upgrades from existing members with durable gear, confirming no H2 rebound in guidance while new-member sales met expectations. Peter framed commercial as standalone profitable growth via Peloton Pro and Precor, not mere sub feeder—old bikes last longer than expected. Recent headcount cuts fit the $100M savings plan, on track. Hardware teases loom in 12-18 months; IQ adoption hit 46%. Churn held resilient post-pricing. Management exudes confidence in inflecting growth, but investors eye upgrade cycles and CBU ramp.
Key Stats
Market Cap
2.59BP/E (TTM)
-Basic EPS (TTM)
-0.27Dividend Yield
0%Recent Filings
8-K
Peloton CCO transition announced
Peloton's Jen Cotter steps down as Chief Content Officer effective March 31, 2026, shifting to advisor through August 16 amid amicable transition; no disagreements noted. Sarah Robb O'Hagan, ex-CEO of EXOS and Flywheel Sports, takes over as Chief Content and Member Development Officer on April 1. Leadership refresh eyes content innovation. Smooth handoff underway.
8-K
Peloton names interim CFO
Peloton tapped Chief Accounting Officer Saqib Baig as interim CFO effective March 27, 2026, after Liz Coddington steps down that day for an external gig. Baig, with 25 years in finance including a recent stint as Commercial CFO, steps up sans any undisclosed arrangements. Leadership continuity holds amid transition.
8-K
Q2 results strong; CFO departing
Peloton reported Q2 FY2026 results with $657M revenue down 3% year-over-year, yet Adjusted EBITDA surged 39% to $81M amid innovation pushes like Peloton IQ and Cross Training. CFO Liz Coddington steps down March 27, 2026, for an external role—no disagreements, no severance. Company raised FY2026 Adjusted EBITDA guidance to $450M-$500M; search underway for successor.
10-Q
Q2 FY2026 results
Peloton's Q2 revenue dipped 2.6% y/y to $656.5M while subscriptions held steady at 62.8% mix, but gross profit climbed 4.1% to $331.3M on 72.1% subscription margins—up from 67.9%—thanks to price hikes and lower music royalties. Operating loss narrowed sharply to $14.3M from $45.9M y/y as G&A fell 21.6% on restructuring cuts, yet net loss widened to $38.8M versus $92.0M due to $31.5M interest expense. Cash swelled to $1.2B with $143.8M YTD operating cash flow (up 20.6% y/y, derived) minus $5.4M capex yielding $138.4M FCF; Term Loan at $985M due 2029 with $100M revolver undrawn. Cash cushions debt. Restructuring drags on.
8-K
Annual meeting elects directors
Peloton stockholders at the December 9, 2025 virtual annual meeting elected Karen Boone, Chris Bruzzo, and Tara Comonte as Class III directors for three-year terms ending in 2028, with strong support for Boone and Comonte but notable withholds on Bruzzo. They also ratified Ernst & Young LLP as auditors for the fiscal year through June 30, 2026. Governance continuity holds firm.
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