The connected fitness company's efforts to get back in shape are paying off.Share prices of Peloton Interactive (PTON 1.24%) skyrocketed after the embattled company reported that it grew its revenue marginally in its fiscal 2024 fourth quarter and moved closer to profitability. The stock rose more than 35% during the trading session that followed its Q4 report's release, but the stock is still trading down more than 25% on the year.Could this be the right time for investors to hop on the stock and take a ri ...

Core Viewpoint - Peloton faces backlash for introducing a $95 "equipment activation fee" for used bike purchases, which many consumers perceive as an exploitative move given the existing $44 monthly subscription fee [1][2][4] Group 1: Financial Performance - Peloton's stock closed at $4.90, a significant decline from its peak of $162 in 2020 [4] - The company reported a slight quarterly sales increase of 0.2%, marking its first sales growth in two years [4] - Used bike sales contributed to a 16% increase in subscriptions for the quarter ending June 30 [4] Group 2: Customer Reaction - Consumers expressed frustration on social media, labeling the fee as a "money grab" and a "scam" [1][2] - A start-up, Trade My Spin, criticized the fee as a tax on the used Peloton market and is offering a $95 rebate to offset the cost [6] Group 3: Company Justification - Peloton stated that the activation fee is intended to provide a high-quality onboarding experience for new members [2][6] - The fee includes a "virtual custom fitting" and a history summary of the second-hand bikes [6] Group 4: Market Context - Trade My Spin sells used Peloton bikes for $500 to $700, significantly cheaper than new bikes priced between $1,200 and $3,000 [8] - Approximately 25% of the 4.5 million Peloton bikes and treadmills manufactured since 2019 are reportedly not in use, although Peloton disputes this claim [8]

Peloton stock soared on its latest earnings report. Can it keep gaining?Peloton Interactive (PTON 6.37%) just did something it's never done before. Shares of the connected fitness specialist gained 35% on Thursday, marking its biggest one-day surge since its IPO in 2019.The gains come as investors have been desperate for any sign of a recovery from the beaten-down pandemic winner. Did investors get what they were looking for? Is it finally time to buy Peloton stock? Let's take a closer look at the latest re ...

The tail end of Q2 earnings were good to several companies on the CE 100 this week. The Index ended the week of August 23 up 2.6%, led by the “Live” pillar up 3.7% and “Bank” at 2.7%. Many companies posted positive gains for the week, but none more than Peloton, which overcame a drop in subscription revenue announced in its quarterly earnings to go up more than 50% for the week. The companies who posted losses for the week were less dramatic, with Snowflake dropping 9.5%.Peloton was the story of the week. T ...

Positive free cash flow, with some important caveats.Along with slight revenue growth and a greatly reduced net loss, troubled connected fitness company Peloton (PTON 6.37%) managed to produce positive free cash flow in the fourth quarter of fiscal 2024. Free cash flow came in at $26 million, a $100 million swing from the prior-year period.While having a balance sheet that's no longer bleeding cash is inarguably a good thing, free cash flow is a metric that often comes with some dirty secrets.Picking apart ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The company's fourth quarter was less of a disaster than expected.If you wanted to know what rock-bottom expectations look like, take a gander at Peloton's (PTON 6.37%) most recent quarterly report. The connected fitness company, rudderless after former CEO Barry McCarthy left in May, managed to break its streak of revenue declines and slash its net loss. Analysts were expecting a significant slump in sales and a much larger loss, and the stock responded by surging as much as 30% on Thursday.The story, thou ...

Peloton Interactive Inc PTON shares rose in trading on Friday, after the company reported upbeat quarterly sales.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Macquarie Equity Research On Peloton InteractiveAnalyst Paul Golding maintained a Neutral rating while raising the price target from $2.53 to $4.90."The company beat across most major metrics, delivering top-line growth for the first time in years," Golding said in a note. He added, however, tha ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

In a shareholder letter released Thursday, Peloton outlined its ongoing strategy to regain its financial footing. It highlights the implementation of a new one-time “used equipment fee” of $95 USD / $126 CAD. The move is an effort to squeeze additional revenue from second-hand products, over concerns that cheaper, slightly used bikes, treadmills and rowers could cannibalize used sales.Peloton’s failure to capitalize on the space has led to the rise of services like Trade My Spin, a combination used equipmen ...