Peloton Touts Subscriber Growth Amid Heavy Losses

May 4, 2023

Peloton CEO Barry McCarthy described its fiscal quarter as the best he has seen with the company, but investors were left cold.

The connected fitness giant booked $748.9 million in the fiscal third quarter ending March 31, missing analyst expectations and causing the company’s stock to tumble 13.5%. Peloton lost an unexpectedly large $275.9 million in the quarter as it continues to struggle with supply chain issues and slackening demand following the end of pandemic closures. FOS