Peloton shares are trading lower after the company reported mixed Q4 results and a quarterly decline in Connected Fitness subscribers. The company also issued soft Q1 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Peloton reported mixed Q4 results and a decline in Connected Fitness subscribers, leading to a drop in its share price. The company also issued a lower than expected Q1 revenue guidance.
August 23, 2023 | 11:10 am
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Peloton's Q4 results and decline in subscribers, along with soft Q1 revenue guidance, have negatively impacted its stock price.
Peloton's mixed Q4 results and decline in subscribers indicate a potential slowdown in growth, which is a negative signal to investors. Additionally, the soft Q1 revenue guidance suggests that the company expects this trend to continue, further impacting investor sentiment and the stock price.
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