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NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (NASDAQ: PTON) will release its first quarter fiscal 2025 results before the U.S. stock market opens on Thursday, October 31, 2024. The company will host a conference call and live audio webcast to discuss the results at 8:30 a.m. (Eastern Time) that day.
The pandemic sent the personal fitness market on a roller coaster ride.
Peloton Interactive Inc PTON stock just hit a major technical milestone — the Golden Cross.
Noted short-seller David Einhorn rose to prominence betting against Allied Capital, a private equity firm that offered debt and equity capital to finance leveraged buyouts, acquisitions, and corporate restructurings.
PTON focuses on strategic partnerships and cost optimization efforts to drive growth. However, the discontinued Bike Rental Program poses concerns.
Peloton's upcoming marketing campaign will reportedly promote the company's full range of services and target audiences the firm hasn't been reaching.
I'm confident that Peloton's current valuation at 9x this year's free cash flow is a rare opportunity. The company's debt maturity in 2029 allows ample time for restructuring and securing better terms. Subscriber churn is stabilizing, meaning Peloton can focus on growth and retention moving forward.
Peloton's stock jumped 34% after Q4 FY24 earnings release, but remains down 27% year-to-date. Management expects $75 million in free cash flow for FY2025 through a $2 billion cost-cutting plan and aims for $200–250 million in EBITDA. The company's subscription revenue is three times greater than its closest competitor, Apple Fitness.
Peloton Interactive, Inc. (NASDAQ:PTON ) Goldman Sachs Communacopia + Technology Conference September 11, 2024 1:10 PM ET Company Participants Liz Coddington - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan All right. I think in the interest of time, we're going to get going with our next fireside chat.