Reported about 2 months ago
Peloton Interactive reported a slight revenue increase of 0.2% in its fiscal 2024 Q4, marking its first revenue growth since early 2022, which resulted in a substantial 35% surge in its stock price. Despite overcoming past challenges, including excess inventory and negative gross margins, the company still faces declining subscription numbers and a conservative revenue forecast for fiscal 2025. Investors may consider a cautious entry into Peloton's stock, given its ongoing turnaround efforts and profitability improvements. However, it is advised to remain guarded due to its still considerable debt load and fluctuating subscriber base.
Source: YAHOO