A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported Tuesday.Shares of the fitness equipment maker rose 12% to $3.98.The New York-based company has had talks with at least one firm in recent months as it considers going private, the report said, citing people familiar with the matter.Peloton has posted 13 straight quarters of losses REUTERS“We do not co ...

ToplineShares of at-home spin class company Peloton spiked 15% Tuesday morning, the company’s best day on Wall Street in over four months, following a report that a group of private equity firms are mulling a buyout of the company, which has struggled with floundering sales, layoffs and recalls since a pandemic-era boom.Peloton's shares surged Tuesday morning amid buyout speculation.Gado via Getty Images Key FactsCNBC reported several unnamed private equity firms are involved in the talks, citing unnamed so ...

Core Viewpoint - Peloton Interactive Inc. is exploring a potential buyout by private equity firms as it seeks to refinance its debt and return to growth after 13 consecutive quarters of losses [1][2]. Group 1: Financial Performance and Market Position - Peloton's market capitalization has significantly decreased from $49.3 billion in January 2021 to approximately $1.3 billion as of the latest report [2]. - The company has a profitable subscription business with millions of loyal users, but its hardware sales have declined, and high production costs have negatively impacted its financial health [2][3]. - Peloton's debt stands at about $1.7 billion, with $692.1 million owed on a term loan maturing as early as November 2025 and $991.4 million on 0% convertible senior notes due in February 2026 [4]. Group 2: Restructuring and Cost-Cutting Measures - Peloton announced a restructuring plan aimed at reducing annual run-rate expenses by over $200 million by the end of fiscal 2025 [1]. - The company plans to cut its workforce by 15%, equating to around 400 employees, to align spending with revenue [3]. - Savings from the restructuring will primarily come from layoffs and reductions in marketing, research and development, IT, and software expenses [3]. Group 3: Debt Refinancing Strategy - Peloton is collaborating with lenders, including JPMorgan and Goldman Sachs, on a refinancing strategy to deleverage and extend debt maturities at a reasonable cost [4]. - There is confidence from sources close to the company that Peloton will not face issues in refinancing its debt [5].

More cost cuts are on the way for Peloton Interactive as sales continue to slump.Peloton Interactive (PTON 6.86%) went public in 2019 at $29 per share. The company's at-home exercise equipment, fitted with digital screens and streaming capabilities, proved to be incredibly popular when the COVID-19 pandemic struck in 2020.Sales soared as lockdowns and social restrictions kicked in, and Peloton stock hit a record high of $171 in early 2021. But its incredible growth story began to fall apart that same year a ...

Peloton is free cash flow positive, and could generate nearly $200 million in annual cash profits in a few years.Peloton Interactive (PTON 9.43%) investors had a crazy week. The stock slipped 22% on Thursday after Peloton reported its CEO is stepping down and it missed on Q3 2024 sales, while reporting positive free cash flow (FCF). However, it rebounded later that day, even as Wall Street weighed in with (mostly negative) comments on the report. Pelton is now down 5% since the report.Multiple analysts cut ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39058 Peloton Interactive, Inc. (Exact name of registrant as specified in its charter) Delaware 47-3533761 (State or other juri ...

Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying off approximately 400 employees — about 15% of its global workforce — and reducing its retail showroom footprint to mitigate costs. This announcement, coinciding with its Q3 fiscal year earnings report, is part of the company’s broader strategy to slash annual run-rate expenses by over $200 million by the end of fiscal year 2025. “The objective of the cost reductions is to reshape Peloton to alig ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAt the height of the pandemic, Peloton was on top of the world.Its stock pushed $171 per share and its market cap hovered around $50 billion.On Thursday, the company announced its CEO was out and ...

Key TakeawaysPeloton announced new cost-cutting measures, including layoffs, and that CEO Barry McCarthy was stepping down.The exercise company that has struggled with a slump in demand following a boom during pandemic lockdowns said it will slash its workforce by about 15% and reduce its showroom presence.Peloton's third-quarter loss and revenue missed analysts' expectations. Shares of Peloton Interactive (PTON) sank to an all-time low Thursday after the provider of exercise machines and online workouts an ...

Peloton (PTON) reported $717.7 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.2%. EPS of -$0.45 for the same period compares to -$0.79 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $719.94 million, representing a surprise of -0.31%. The company delivered an EPS surprise of -15.38%, with the consensus EPS estimate being -$0.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...