The fitness giant posted a net loss of $757.1 million, or $2.27 per share, compared with a loss of $8.6 million during the same period a year ago, while revenue slipped 24% year over year to $964.3 million, compared with $1.26 billion in the year-ago period.
Peloton shareholders have lost nearly $2 billion in market value since Barry McCarthy assumed the role of chief executive officer, according to Blackwells Capital.
FOX Business consulted fitness experts and current Peloton promotions to help consumers decide if they should buy Peloton equipment or subscriptions or look elsewhere based on exercises preferences and financial factors.
Peloton Interactive Inc's stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions.
Peloton's leadership change is not enough, says one investor. A sale is still the best option.
Peloton's first company-wide meeting including new CEO Barry McCarthy was zoom-bombed by angry axed employees according to a report
Peloton put the pedal to the metal in a massive restructuring, sending investors on a wild ride. But is it sustainable?
Peloton instructors are being spared from the fitness company’s job cutback and “restructuring program,” which is expected to result in around $130 million in severance payouts and other exit activities to approximately 2,800 employees around the world.
Peloton is in crisis mode and a takeover may be the best solution to stop the stock's downward spiral.
Peloton is in play with as many as five deep-pocketed suitors who could benefit from a potential acquisition of the fitness giant.
Peloton Interactive Inc. plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand caused the once-hot bike maker’s value to plummet.
Investors are focusing on a fresh wave of mergers and acquisitions as well as a busy week for earnings.
Sports apparel maker Nike is in the early stages of a possible pursuit of exercise bike maker Peloton, according to a report.
Peloton Interactive Inc. is drawing interest from potential suitors including Amazon.com Inc., according to people familiar with the matter, as the stationary-bike maker’s stock slumps and an activist urges it to explore a sale.
After dealing with several controversies in recent weeks, Peloton has resurfaced an age-positive ad that it first made in 2020.
Peloton was the subject of yet another fictional character’s health struggles besides Mr. Big after the popular exercise bike brand was featured in the most recent episode of the TV show ”Billions.”
Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.
Peloton investors are having a rough ride as the fitness company faces new problems
Beginning Jan. 31, Peloton will charge a $250 delivery and setup fee for its original Bike and a $350 delivery and setup fee for its original Tread, according to a banner on its website.
A dust-up over the reboot of HBO’s "Sex and the City" capped a tumultuous year for Peloton Interactive Inc., which saw its market value tumble as the company’s leaders struggled to gauge demand for its web-connected bikes.