Briefing

Peloton Revenue Drops 24% in March Quarter

By
Martin Peers
· · Source: The Information

Peloton’s revenue dropped 24% in the March quarter compared to a year earlier, the fitness equipment firm reported Tuesday, while its net loss ballooned to $757 million from $8.6 million. The company forecast a 27% drop for the June quarter. The report is the latest sign of struggles at the maker of high-end exercise equipment, which earlier this year replaced its CEO, bringing in a former...

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