Peloton reports Q2 EPS (20c), consensus (36c) - InvestingChannel

Peloton reports Q2 EPS (20c), consensus (36c)

Reports Q2 revenue $466.6M, consensus $422.93M. Connected Fitness Subscribers grew 96% to 712,005; total Members grew to over 2.0 million. The company said, “We experienced low Average Net Monthly Connected Fitness Churn in Q2 of 0.74%. While churn was higher than it was for the same period last year, churn was positively impacted by lower return rates and higher retention than expected for lapsing prepaid subscriptions. As of December 31, 2019, 92% of our Connected Fitness Subscribers were on month-to-month payment plans.”