3 Reasons Why Peloton Will Not Reach 100 Million Subscribers
With a market capitalization of $31 billion, Peloton (NASDAQ: PTON) has experienced a meteoric rise during a turbulent year for much of the economy. The fitness company's revenue nearly doubled in its fiscal 2020, which ended June 30.
Peloton ended the fiscal year with 1.4 million total paid subscribers, and CEO John Foley thinks this number can go way higher. Indeed, at Peloton's first investor and analyst day as a public company, which was held virtually, he said he believes attaining 100 million subscribers is a real possibility.
Source Fool.com