Why Peloton's Earnings Dip Is a Buying Opportunity
Connected fitness giant Peloton (NASDAQ: PTON) reported fiscal second-quarter earnings last week, and investors didn't seem too impressed overall, as shares dipped as much as 9% on Friday. In no uncertain terms, the headline figures were outstanding: Revenue surged 128% to $1.06 billion, Connected Fitness subscriptions soared 134% to 1.67 million, and Digital Subscriptions skyrocketed 472% to 625,000. The company now has over 4.4 million members.
The primary concern among investors was an ongoing issue that Peloton has been grappling with in recent quarters: The company has been struggling to keep up with demand. While that's a good problem to have, it can still be a problem nonetheless.
Image source: Peloton.
Source Fool.com
