Peloton Exec Says We Do Expect To Grow Subscribers In Q3, Both On The Connected Fitness Side As Well As The App Side
Portfolio Pulse from Benzinga Newsdesk
During a conference call, a Peloton executive stated that the company expects to grow its subscriber base in Q3, including both connected fitness and app subscribers.
February 01, 2024 | 2:00 pm
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Peloton anticipates growth in its subscriber base in the third quarter, covering both its connected fitness products and app services.
The anticipation of subscriber growth is a positive signal for investors, indicating potential revenue growth and increased market penetration. This news directly impacts Peloton's stock as it reflects on the company's performance and future prospects.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100