Peloton Interactive Inc
PTON
$6.42 -2.13%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Leisure
Q2 2024
Published: Feb 1, 2024

Earnings Highlights

  • Revenue of $743.60M down 6.2% year-over-year
  • EPS of $-0.54 increased by 44.9% from previous year
  • Gross margin of 38.2%
  • Net income of -194.90M
  • ""The Treadmill market is 2x that of Bikes. The demand for Tread has been stronger than we anticipated," - Barry McCarthy, CEO." - Barry McCarthy
PTON
Peloton Interactive Inc

Executive Summary

In the second quarter of fiscal year 2024, Peloton Interactive Inc (PTON) reported revenues of $743.6 million, reflecting a 24.85% quarter-over-quarter increase but a 6.19% year-over-year decline. Despite significant challenges and a fluctuating market, Peloton showcased its ability to grow its subscriber base and improve engagement metrics, marking a notable achievement with a 6% increase in overall platform engagement. Management underscored an optimistic outlook for Tread+ and other product innovations, aiming to stabilize future revenue streams amid shifts toward rental models and refurbished inventory sales. Overcoming supply chain hurdles and improving customer acquisition costs are viewed as vital strategies moving forward.

Key Performance Indicators

Revenue
Decreasing
743.60M
QoQ: 24.85% | YoY: -6.19%
Gross Profit
Increasing
284.40M
38.20% margin
QoQ: -0.39% | YoY: 20.97%
Operating Income
Increasing
-167.40M
QoQ: -26.53% | YoY: 34.28%
Net Income
Increasing
-194.90M
QoQ: -22.35% | YoY: 41.89%
EPS
Increasing
-0.54
QoQ: -22.73% | YoY: 44.90%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 673.90 -0.24 -9.4% View
Q1 2025 586.00 0.00 -1.6% View
Q4 2024 643.60 -0.08 +0.2% View
Q3 2024 717.70 -0.45 -4.2% View
Q2 2024 743.60 -0.54 -6.2% View