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Peloton Q3 2019-20 Financial Results
Yes, we have Peloton’s figures in for their Q3. Have a guess. Do you reckon they were UP? or UP A LOT?
- Forecast: $488.5m
- Actual: $524.6m…ouch! Nice job.
Investors thought so too.
- Interesting Stat: Total members grew from 2.0 million in Q2 to 2.6 million in Q3, a 30% quarter-over-quarter increase
This is an even more impressive performance than you might at first think as they have been forced to close their showrooms and live studio sessions and shift totally online to broadcasts from Instructors’ homes because of the Covid situation. Their success might be the sign of a company that’s able to adapt. Though when you’re making this much money adapting is easy.
They’ve generously increased the trial period to 3 months. What will happen once Covid 19 is resolved?
Source: Yahoo Finance