Peloton Losses Narrow as Subscription Business Stabilizes
Peloton Interactive reported a narrower loss in its latest quarter as higher subscription sales partially offset continued declines in demand for its web-connected bikes and treadmills.
The New York-based company on Thursday said subscribers rose to 3.1 million as of the end of March from about three million at the end of 2022.
Peloton Interactive reported a narrower loss in its latest quarter as higher subscription sales partially offset continued declines in demand for its web-connected bikes and treadmills.
The New York-based company on Thursday said subscribers rose to 3.1 million as of the end of March from about three million at the end of 2022.
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