Peloton Q1 Average Monthly Paid App Subscription Churn 6.3%
Portfolio Pulse from Benzinga Newsdesk
Peloton has reported a 6.3% churn rate for its average monthly paid app subscriptions in Q1.
November 02, 2023 | 11:09 am
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NEGATIVE IMPACT
Peloton's Q1 report shows a 6.3% churn rate for its average monthly paid app subscriptions, which could indicate customer dissatisfaction or increased competition.
A high churn rate could indicate customer dissatisfaction or increased competition, both of which could negatively impact Peloton's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100