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Peloton Sales Drop, CEO Hints at New Premium Content Strategy

By
Malique Morris
· · Source: The Information

Peloton’s sales dropped dramatically in the June quarter despite attempts to restore growth to its early pandemic glory days. The company’s unimpressive results erased  stock gains it saw on Wednesday, when it announced it was ditching its pure direct-to-consumer strategy and selling its wares on Amazon. Revenue fell 28% year-over-year to $679 million in Peloton’s  fiscal fourth quarter as...

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