1 Number Missing From Peloton's Earnings Report

In its most recent quarter (Q2 of fiscal 2023, which ended Dec. 31), Peloton Interactive (NASDAQ: PTON) posted revenue of $792.7 million, down 30% year over year, and a net loss of $335.4 million, compared to a net loss of $439.4 million in the prior-year period. While the bottom-line figure was worse than what analysts had hoped for, the sales figure exceeded expectations, and it helped push the stock price more than 25% higher following the news. 

While Peloton reported on several metrics of its exercise-equipment-making business, there was one important number that was missing from the struggling fitness innovator's latest earnings report. Here's what was missing from the report and why it's so important to investors' understanding of the health of the business. 

While the price jump shows that Peloton's latest financial report was well received by investors, they probably missed the fact that the management team no longer reports one key metric: "Average Monthly Workouts per Connected Fitness Subscription." In fact, this was the second straight quarter that the company didn't report this number. And the management team gave no indication during its previous earnings calls that it would stop providing data on workouts.  

Continue reading


Source Fool.com