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Peloton Interactive, Inc. Reports Preliminary Second Quarter Fiscal 2022 Results

NEW YORK, Jan. 20, 2022 /PRNewswire/ -- Peloton Interactive, Inc. (Nasdaq: PTON) provided a business update today and reported preliminary results for its second quarter Fiscal 2022 ended December 31, 2021.
Peloton Interactive, Inc. Reports Preliminary Second Quarter Fiscal 2022 Results


Total Revenue of approximately $1.14 billion, versus previously provided guidance of $1.1 billion to $1.2 billion



Ending Connected Fitness Subscriptions of approximately 2.77 million, versus previously provided guidance of 2.8 million to 2.85 million



Average Net Monthly Connected Fitness Churn of 0.79%



Adjusted EBITDA in a range of $(270) million to $(260) million, versus previously provided guidance of $(350) million to $(325) million

"As we discussed last quarter, we are taking significant corrective actions to improve our profitability outlook and optimize our costs across the company. This includes gross margin improvements, moving to a more variable cost structure, and identifying reductions in our operating expenses as we build a more focused Peloton moving forward. This work is still underway and we expect to have more details to share when we report earnings on February 8, 2022," said John Foley, co-founder and CEO.Second Quarter Fiscal 2022 Conference Call and Webcast
The company expects to release its final second quarter Fiscal 2022 results after the U.S. stock market closes on Tuesday, February 8, 2022 and hold a conference call to discuss results at 5:00 p.m. (Eastern Time) that day.The U.S. toll free dial-in for the conference call is 1-877-667-0469, and the international dial-in number is 1-346-406-0807. The Conference ID is 1271026. A live webcast of the conference call will also be available on the investor relations page of the company's website at https://investor.onepeloton.com.
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