Peloton CFO Q1 Connected Fitness Products Revenue Was Down 12% YoY Due To Lower Hardware Demand
Portfolio Pulse from Benzinga Newsdesk
Peloton's Q1 revenue from Connected Fitness Products decreased by 12% year-over-year, attributed to lower hardware demand, as discussed in their conference call.
October 31, 2024 | 12:53 pm
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Peloton's Q1 revenue from Connected Fitness Products fell by 12% YoY, indicating a decline in hardware demand.
The 12% decline in revenue for Peloton's Connected Fitness Products suggests a significant drop in demand for their hardware. This negative performance is likely to impact investor sentiment and could lead to a short-term decrease in Peloton's stock price.
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