PTON delivered a massive beat with revenue growth of 171.9% yoy and raised guidance. GAAP earnings also easily beat guidance and gross margins were better than expectations (47.6% versus 44.4%).
Connected fitness subscribers rose 113% to 1.09 million and PTON sees this almost doubling to 2.05 - 2.1 million in 2021.
https://seekingalpha.com/news/3613079-peloton-results-blow-t…
PTON sees full-year revenue of $3.50B to $3.65B vs. $2.74B consensus.
https://seekingalpha.com/news/3613101-pelotonplus-5-on-stunn…
PTON continue to build the premier home fitness brand.
Dave
Long PTON