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NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the company will be participating in the Goldman Sachs Communacopia & Technology Conference on Wednesday, September 11, 2024, at 10:10 AM PDT (1:10 PM EDT). Attending for Peloton will be Liz Coddington, Chief Financial Officer.
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the company will be participating in the Citi Global TMT Conference on Thursday, September 5, 2024, at 10:00 AM EDT. Attending for Peloton will be Liz Coddington, Chief Financial Officer.
The market was pleased with a slight revenue increase and positive free cash flow. Peloton's business is still in bad shape, with sales expected to decline and ongoing net losses.
Peloton beat estimates amid a turnaround effort, but it's outlook for revenue in the current period was a miss, all while as the company continues its search for a new CEO. Shweta Khajuria, managing director at Wolfe Research, joins Caroline Hyde on "Bloomberg Technology" to discuss.
Peloton just delivered revenue growth for the first time in nine quarters. However, it's unlikely to last, with a significant drop-off in paid subscribers expected during fiscal 2025.
Peloton NASDAQ: PTON wowed the market with its FQ4 results, sending its shares up nearly 50% in two days. This indicates a dynamic shift that could increase its price over the coming quarters and years.
In its fiscal 2024 Q4, Peloton's revenue grew for the first time in more than two years. Management is projecting solid EBITDA and free cash flow generation for its fiscal 2025 as it reduces its cost structure.
Peloton returned to slight revenue growth and improved its bottom line significantly. Fiscal 2025 guidance calls for a decline in revenue, but a jump in adjusted EBITDA.
Peloton reduced its losses and generated positive free cash flow in the fourth quarter. Cost-cutting helped but so did inventory reductions that can't be sustained indefinitely.
Peloton Interactive (PTON) stock price is firing on all cylinders after the highly-embattled company published modest results and pivoted towards profitability instead of growth as it did in the past. It made an up-gap and rose to the important resistance point at $5, its highest swing since March 14.