Latest Pro Cycling News
February 1, 2024
Peloton Shares Down on Lower Outlook, Mixed Fiscal Q2 Results
Peloton Interactive reported* that total revenue was down 6 percent to $743.6 million for the fiscal second quarter ended December 31, 2023, compared to the company’s guidance range of $715 million to $750 million. Connected Fitness segment revenue was $319.1 million in the quarter, down 16 percent from $381.4 million...
January 31, 2024
What Does Red Bull’s 51% Stake in Bora-Hansgrohe’s Parent Company Mean for International Cycling?
Professional cycling almost saw two of its largest teams merge and compete, as on Soudal-Visma. The spark fizzled out in this deal, but come 2024, the face of cycling may just be undergoing its first major change. Energy drink and marketing mogul Austrian company Red Bull is all set to...
January 28, 2024
How was fugitive Kaitlin Armstrong caught? She answered U.S. Marshals’ ad for a yoga instructor
One month after Kaitlin Armstrong disappeared, the U.S. Marshals were in hot pursuit of her in another area of Costa Rica. A source had suggested she might have gone to a small village on the Pacific coast. The U.S. Marshals took a ferry to reach a remote peninsula. Once there,...
January 25, 2024
David Lappartient hints that AI could combat mechanical doping in pro cycling
UCI president David Lappartient travelled to Abu Dhabi to attend the MyWhoosh presentation, grateful the indoor cycling app is to become a sponsor of the outdoor road World Championships and curious about a future role MyWhoosh’s data could play in the fight against mechanical doping. MyWhoosh has replaced Zwift as...
January 23, 2024
Electric Bike Market Value Projected at $62B
The global electric bike market is currently valued at $49.1 billion. With a compound annual growth rate (CAGR) of 4.9%, the market is projected to reach $62.3 billion by 2023–2030, predicts Persistence Market Research. The increasing awareness of environmental sustainability, government incentives and advancements in battery technology are driving market expansion. RV...
January 21, 2024
Peloton Offloads Output Park Factory in $33M Deal
Peloton has sold its spacious Peloton Output Park (POP) facility and land in Ohio to First Solar for a cool $33 million. The commercial real estate transaction closed on January 11, according to Wood County records. Athletech News
January 18, 2024
Who Earns Most in Pro Cycling? Report Ranks Salaries, from Pogačar to Van der Poel and Beyond
Pogačar has been reported as the highest earner in pro cycling for several years. UAE Emirates’ centrepiece topped the WorldTour rankings every year since 2021 and brings sponsor-pleasing charisma both on and off the bike. The 25-year-old’s current deal with UAE Emirates stretches through 2027, meaning he’s got a cool...
January 11, 2024
Bikes could soon use AI to think for themselves, Shimano patent suggests
Published earlier this week, the patent for a “learning model” details a product that draws on artificial intelligence (AI) to control dropper seatposts, front suspension and saddle tilt. The device, a small screen attached to the handlebar, is designed to learn from a rider’s preferences in different situations, in order...
January 10, 2024
Giant Group Sees Another Steep Decline in December Revenues
Giant Group reported consolidated sales were NT$76.95 billion for full-year 2023 through December, a decrease of 16.4 percent compared to the 2022 full-year period. December revenues were down 25.8 percent to NT$4.17 billion, compared to NT$5.62 billion in December 2022. Still, the Taiwan-based bike manufacturing group, which reports in New...
January 8, 2024
Scam Alert: Pivot Cycles Warns Against Fake Vendors Offering High Discounts
Pivot Cycles has raised the alarm about fraudulent websites and social media accounts attempting to deceive potential buyers, usually with enticing discounts on their high-end bicycles. The company warned consumers, urging them to exercise caution and be vigilant against falling victim to these scams. Pivot leaders clarified that they don’t...