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Peloton quarterly revenue drops on weak demand

05/10/2022

Less than a minute

2022.05.10 14:22

Peloton quarterly revenue drops on weak demand
FILE PHOTO: A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, September 26, 2019. REUTERS/Shannon Stapleton

(Reuters) – Peloton Interactive (NASDAQ:PTON) Inc reported a 23.6% fall in third-quarter revenue on Tuesday, battered by lower demand for its stationary exercise bikes and tread machines from fitness enthusiasts returning to gyms as pandemic curbs eased.

The interactive fitness equipment maker’s revenue fell to $964.3 million from $1.26 billion a year earlier.

05/10/2022

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