Peloton Interactive, Inc. (NASDAQ:PTON) Q4 2022 Earnings Conference Call August 25, 2022 8:30 AM ET Company Participants Peter Stabler - Head, Investor Relations Barry McCarthy - Chief Executive Officer Liz Coddington - Chief Financial Officer Conference Call Participants Justin Post - Bank of America Doug Anmuth - JPMorgan Ron Josey - Citi Lauren Schenk - Morgan Stanley Edward Yruma - Piper Sandler Eric Sheridan - Goldman Sachs Shweta Khajuria - Evercore ISI Kaumil Gajrawala - Credit Suisse John Blackledge ...

Summary of Peloton Interactive, Inc. Conference Call Company Overview - Peloton Interactive, Inc. is recognized as the leading interactive fitness platform globally, boasting a community of over 7 million members across the U.S., UK, Canada, Germany, and Australia [2][5] - The company has pioneered connected technology-enabled fitness and streaming of immersive, instructor-led boutique classes [2] Key Points Discussed Leadership and Strategy - Barry McCarthy, the new President and CEO, emphasizes the importance of user experience and product-market fit, noting Peloton's high Net Promoter Score [5][6] - McCarthy aims for revenue growth exceeding 20% year-over-year and positive cash flow by FY23 [5][6] Market Potential - Peloton has a long-term goal of reaching 100 million members, which is about half the global gym membership total [7][8] - The company is exploring the potential of a digital app to enhance growth and international opportunities, moving away from a hardware-centric model [8][9] Financial Performance and Cost Management - Peloton reported a cash burn of nearly $750 million in fiscal Q3, which is unsustainable [10][11] - The company plans to cut $800 million in annual costs by FY24, with $500 million from operating expenses and $300 million from Connected Fitness cost of goods sold (COGS) [16][18] - McCarthy highlights the need for better supply chain management to transition from cash consumption to cash generation [11][12] Distribution and User Experience - There have been quality issues with third-party distributors affecting user experience, which the company is working to resolve [20][21] - The company is focusing on improving its first-party distribution network to enhance service quality [20][21] Product and Pricing Strategy - Peloton is shifting towards a "fitness-as-a-service" model, which includes giving away hardware in exchange for a higher monthly fee [24][25] - Early tests of this model showed a 90% uplift in certain markets, prompting further expansion of the offering [25][27] Digital App and Marketing Strategy - The digital app currently has low brand awareness (around 4%) but is seen as a critical component of the growth strategy [36][37] - McCarthy plans to invert the marketing strategy to leverage the digital app for broader awareness of the all-access subscription [39] Financial Outlook and Debt Management - Peloton raised $750 million in debt to ensure liquidity and bridge to cash flow positivity [46][47] - McCarthy expresses confidence in managing cash flow and does not foresee the need for equity sales at current valuations [50][51] Future Vision - In two years, McCarthy envisions discussing 20-25% growth, new platforms, international expansion, and the success of the fitness-as-a-service model [51] Additional Insights - The company is focused on understanding the economics of the fitness-as-a-service model, including churn rates and customer engagement metrics [30][31] - There is a strategic emphasis on balancing growth with cash flow breakeven, acknowledging the challenges of rapid expansion [45][46]

Peloton Interactive, Inc. (NASDAQ:PTON) Q3 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Peter Stabler - Senior Vice President, Investor Relations Barry McCarthy - President & Chief Executive Officer Jill Woodworth - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Justin Post - Bank of America Youssef Squali - Truist Securities Ron Josey - Citi Shweta Khajuria - Evercore Arpine Kocharyan - UBS James Kopelman - Cowen Eric Sheridan - Goldman Sachs Anees ...

Peloton Interactive, Inc. (NASDAQ:PTON) Q2 2022 Earnings Conference Call February 8, 2022 8:30 AM ET Company Participants Peter Stabler - Head of Investor Relations John Foley - Co-Founder & Chief Executive Officer Jill Woodworth - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Edward Yruma - KeyBanc John Blackledge - Cowen Eric Sheridan - Goldman Sachs Jason Helfstein - Oppenheimer Shweta Khajuria - Evercore ISI Bernie McTernan - Needham & Company Jonathan Komp - Baird Operator ...

Peloton Interactive, Inc. (NASDAQ:PTON) Q1 2022 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Peter Stabler - Head-IR John Foley - Co-Founder and CEO William Lynch - President Jill Woodworth - CFO Conference Call Participants Doug Anmuth - JPMorgan Edward Yruma - KeyBanc Capital Markets Justin Post, Bank - America Youssef Squali - Truist Securities Eric Sheridan - Goldman Sachs Laurent Vasilescu - Exane BNP Paribas Operator Thank you for standing by, and welcome to Peloton's Fisc ...

Peloton Interactive, Inc. (NASDAQ:PTON) Q4 2021 Earnings Conference Call August 26, 2021 5:00 PM ET Company Participants Peter Stabler - Head, IR John Foley - Co-Founder and CEO Jill Woodworth - CFO William Lynch - President Conference Call Participants Doug Anmuth - JPMorgan Justin Post - Bank of America Ed Yruma - KeyBanc Capital Ron Josey - JMP Securities Youssef Squali - Truist Jason Helfstein - Oppenheimer Jonathan Komp - Baird Kaumil Gajrawala - Credit Suisse Operator Ladies and gentlemen, thank you f ...