Peloton beats by $0.08, beats on revs; guides Q1 revs below consensus; guides FY25 revs below consensus (3.36)
- Reports Q4 (Jun) loss of $0.08 per share, $0.08 better than the FactSet Consensus of ($0.16); revenues rose 0.3% year/year to $644 mln vs the $633 mln FactSet Consensus.
- Members decreased 2% yr/yr to 6.4 mln.
- Ending Paid Connected Fitness Subscriptions decreased 1% to 2.981 mln.
- In Q4 PTON achieved $70 million of Adjusted EBITDA, up $105 million Y/Y and up $64 million Q/Q. PTON also achieved $26 million of Free Cash Flow, up $100 million Y/Y and tripling in comparison to last quarter. PTON says it is making significant progress toward right sizing our cost structure and we'll continue to optimize expenses.
- Co issues downside guidance for Q1, sees Q1 revs of $560-$580 mln vs. $588.91 mln FactSet Consensus. Sees Ending Paid Connected Fitness Subscriptions of 2.88-2.89 mln.
- Co issues downside guidance for FY25, sees FY25 revs of $2.40-$2.50 bln vs. $2.69 bln FactSet Consensus. Sees Ending Paid Connected Fitness Subscriptions of 2.68-2.75 mln.