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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100