Peloton Q4 Connected Fitness Subscriptions Grew 4% YoY But Declined By 29,000 QoQ Due To 'the seasonal slowdown in hardware sales and higher than anticipated CF subscription churn'
Portfolio Pulse from Benzinga Newsdesk
Peloton's Q4 report shows a 4% YoY growth in Connected Fitness subscriptions, but a QoQ decline of 29,000 due to seasonal slowdown in hardware sales and higher than expected subscription churn.
August 23, 2023 | 11:08 am
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Peloton's Q4 results show a mixed performance with YoY growth but QoQ decline in Connected Fitness subscriptions, indicating potential challenges in maintaining subscriber base.
The YoY growth indicates a positive trend for Peloton, but the QoQ decline suggests potential issues in maintaining its subscriber base. The seasonal slowdown in hardware sales and higher than expected subscription churn could negatively impact the company's short-term stock price.
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