Peloton feels the burn as post-IPO results point to more losses

Known for its on-demand workout programs on exercise bikes which allow riders to join virtually with other participants, the company in September was the latest in a run of startups to receive a subdued reception from stock market investors this year. Peloton, which posted a bigger-than-expected quarterly loss, said it expects to report an adjusted loss of between $150 million and $170 million before interest, tax, depreciation and amortization for 2020. “We are within striking distance of profitability,” Chief Executive John Foley said on a call with analysts on Tuesday. …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.