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media/telecom

Peloton Shares Jump on Subscription Growth and Narrower Loss

By
Akash Pasricha
· · Source: The Information

Peloton posted more revenue from its subscriptions business compared with its shrinking hardware business in its second fiscal quarter of 2023. That marks the third straight quarter it has done so. The quarter ended with more people subscribed to its all-access membership compared with last year, but total members dropped by 1%, and total revenue was down 30% compared with last year. The...

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