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Peloton Interactive | 10-Q: Q1 2025 Earnings Report

Peloton Interactive | 10-Q: Q1 2025 Earnings Report

Peloton Interactive | 10-Q:2025財年一季報
美股SEC公告 ·  2024/11/01 04:16

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Peloton Interactive reported Q1 FY2025 total revenue of $586.0 million, down 1.6% YoY, with Connected Fitness Products revenue declining 11.6% to $159.6 million while Subscription revenue grew 2.7% to $426.3 million. The company significantly narrowed its net loss to $0.9 million from $159.3 million in the year-ago quarter, driven by improved gross margins and reduced operating expenses.The company's restructuring initiatives continued to yield results, with operating expenses decreasing 30.3% YoY to $291.2 million. Connected Fitness Products gross margin improved to 9.2% from 3.1%, while Subscription gross margin held steady at 67.8%. The company maintained a strong liquidity position with $722.3 million in cash and cash equivalents as of September 30, 2024.Looking ahead, Peloton announced the appointment of Peter Stern as CEO effective January 1, 2025, and continues to optimize its sales channels through retail store closures and expanded partnerships. The company expects its restructuring plan to reduce annual run-rate expenses by over $200 million by the end of fiscal 2025, while maintaining investments in software, hardware, and content innovation.
Peloton Interactive reported Q1 FY2025 total revenue of $586.0 million, down 1.6% YoY, with Connected Fitness Products revenue declining 11.6% to $159.6 million while Subscription revenue grew 2.7% to $426.3 million. The company significantly narrowed its net loss to $0.9 million from $159.3 million in the year-ago quarter, driven by improved gross margins and reduced operating expenses.The company's restructuring initiatives continued to yield results, with operating expenses decreasing 30.3% YoY to $291.2 million. Connected Fitness Products gross margin improved to 9.2% from 3.1%, while Subscription gross margin held steady at 67.8%. The company maintained a strong liquidity position with $722.3 million in cash and cash equivalents as of September 30, 2024.Looking ahead, Peloton announced the appointment of Peter Stern as CEO effective January 1, 2025, and continues to optimize its sales channels through retail store closures and expanded partnerships. The company expects its restructuring plan to reduce annual run-rate expenses by over $200 million by the end of fiscal 2025, while maintaining investments in software, hardware, and content innovation.
Peloton Interactive報告稱,2025財年第一季度總營業收入爲58600萬,較去年同期下降1.6%,連接健身產品營業收入下降11.6%至15960萬,而訂閱收入增長2.7%至42630萬。由於毛利率改善和營業費用減少,公司將淨虧損大幅縮減至90萬,去年同期爲15930萬。公司的重組措施持續產生成效,營業費用同比減少30.3%至29120萬。連接健身產品毛利率從3.1%提高至9.2%,而訂閱毛利率保持在67.8%。截至2024年9月30日,公司持有72230萬的現金及現金等價物,流動性狀況良好。展望未來,Peloton宣佈任命Peter Stern爲首席執行官,自2025年1月1日起生效,並繼續通過關閉零售店和擴大合作伙伴關係來優化銷售渠道。公司預計其重組計劃將在2025財年末之前每年減少超過20000萬的運行開支,同時保持對軟體、硬件和內容創新的投資。
Peloton Interactive報告稱,2025財年第一季度總營業收入爲58600萬,較去年同期下降1.6%,連接健身產品營業收入下降11.6%至15960萬,而訂閱收入增長2.7%至42630萬。由於毛利率改善和營業費用減少,公司將淨虧損大幅縮減至90萬,去年同期爲15930萬。公司的重組措施持續產生成效,營業費用同比減少30.3%至29120萬。連接健身產品毛利率從3.1%提高至9.2%,而訂閱毛利率保持在67.8%。截至2024年9月30日,公司持有72230萬的現金及現金等價物,流動性狀況良好。展望未來,Peloton宣佈任命Peter Stern爲首席執行官,自2025年1月1日起生效,並繼續通過關閉零售店和擴大合作伙伴關係來優化銷售渠道。公司預計其重組計劃將在2025財年末之前每年減少超過20000萬的運行開支,同時保持對軟體、硬件和內容創新的投資。
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