Peloton reports quarterly financial results

Peloton Interactive, Inc. (NASDAQ:PTON), currently trading at $7.58 per share, disclosed its financial outcomes for the quarter ending December 31, 2024, today. The company, which generated $2.69 billion in revenue over the last twelve months with a gross margin of 45.53%, discussed its recent performance and released a letter to shareholders outlining the details. According to InvestingPro analysis, the stock is currently slightly undervalued based on its Fair Value assessment.

The shareholder letter, which has been furnished as Exhibit 99.1 in the 8-K filing, contains a reconciliation of GAAP to non-GAAP financial results. This non-GAAP information is referenced during the company’s conference call and in the shareholder letter to provide additional insights into Peloton’s performance, particularly important given the company’s negative EBITDA of $205.8 million in the last twelve months.

Peloton uses its Investor Relations website and Press Newsroom as channels for releasing material non-public information in compliance with Regulation FD.

According to the 8-K filing, the information provided, including the shareholder letter, is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. Additionally, it should not be deemed incorporated by reference into any other filings under the Securities Act of 1933 or the Exchange Act, unless explicitly stated in such filings.

The financial statements and exhibits, including the shareholder letter, are part of the company’s official documentation for the quarter ended December 31, 2024, and have been made publicly available as of today.

This news article is based on the press release statements and the 8-K filing made by Peloton Interactive, Inc. to the Securities and Exchange Commission. For deeper insights into Peloton’s financial health and future prospects, InvestingPro subscribers have access to over 30 additional financial metrics and expert analysis, including a comprehensive Pro Research Report that transforms complex financial data into actionable intelligence.

In other recent news, Peloton Interactive has seen significant developments in its corporate structure and strategic planning. The company’s CEO, Peter Stern (AS:PBHP), has been appointed to its Board of Directors, consolidating leadership roles within the organization. In an analysis by UBS, potential cost-cutting opportunities were identified for Peloton, particularly in general and administrative expenses, which could result in over $200 million of incremental cost reduction.

Additionally, Peloton’s shareholders have approved an executive compensation plan, demonstrating support for its executive compensation strategy. Tara Comonte, bringing over 20 years of executive leadership experience, has been appointed as a new independent director to Peloton’s Board. This move fills the vacancy left by Jon Callaghan’s decision not to seek re-election.

In another development, Peloton has settled a lawsuit that accused the company and some of its directors of fiduciary breaches, amending its bylaws and paying $125,000 in legal fees to the plaintiff’s counsel.

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