This Number Suggests Peloton Will Be Fine
Peloton Interactive's (NASDAQ: PTON) fiscal 2022 second-quarter earnings report is a reminder that valuation matters. Despite posting a decline in revenue from connected fitness products, the stock rebounded sharply to the high $30s after falling to a 52-week low of $22.81 in January. It now sits around $33 a share.
While the market was focused on management's new cost-cutting plan to improve profitability, it was encouraging to see the subscriber retention rate remain above 90%. Here's why this important number is great news for Peloton.
Image source: Peloton Interactive.
Source Fool.com
