Peloton Notches Q2 Beats on Dramatic Rise in Subscriptions
Peloton Interactive (NASDAQ: PTON) continues to flex its muscles. The purveyor of exercise equipment and online classes released its results from its second quarter of fiscal year 2021 Thursday, and they showed rather energetic growth.
The company booked revenue of $1.06 billion, up 128% on a year-over-year basis. That was on the back of 134% growth in subscriptions for its Connected Fitness service; the total subscriber number was around 1.67 million.
On the bottom line, Peloton earned $63.6 million, or $0.18 per share. This was far better than the year-ago result, which was a loss of $55.4 million.
Source Fool.com
