Peloton Q1 Ending Paid Connected Fitness Subscriptions 2.964M, Up 2% YoY, Down 1% QoQ
Portfolio Pulse from Benzinga Newsdesk
Peloton's Q1 report shows a 2% YoY increase in paid connected fitness subscriptions, reaching 2.964M. However, there was a 1% QoQ decrease.
November 02, 2023 | 11:08 am
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NEUTRAL IMPACT
Peloton's Q1 report shows mixed results with a 2% YoY increase but a 1% QoQ decrease in paid connected fitness subscriptions.
The YoY increase in subscriptions indicates a positive trend for Peloton, suggesting a growing customer base. However, the QoQ decrease could be a concern for investors as it may indicate a slowdown in growth or customer retention issues. This mixed result could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100