Peloton Sees Q2 Ending Paid Connected Fitness Subscriptions 2.97M-2.98M, Total Revenue $715M-$750M vs $763.25M Est.
Portfolio Pulse from Benzinga Newsdesk
Peloton expects Q2 ending paid connected fitness subscriptions to be between 2.97M-2.98M, with total revenue projected to be between $715M-$750M, lower than the estimated $763.25M.
November 02, 2023 | 11:10 am
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NEGATIVE IMPACT
Peloton's lower than expected Q2 revenue forecast and subscription numbers may negatively impact its stock price.
Peloton's projected Q2 revenue and subscription numbers are lower than expected. This could lead to a negative sentiment among investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100