Peloton announces hiring freeze in all-hands meeting following earnings miss

Following Q1 2022 earnings below expectations yesterday, CNBC reports today that Peloton is freezing hiring across all departments effective immediately. Peloton made the announcement during an all-hands meeting on Friday, with the company explaining that is looking for “areas of savings” as revenue lags.

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Peloton says Apple’s App Tracking Transparency feature is hurting its ability to gain subscribers

Popular connected fitness company Peloton reported its earnings for fiscal Q1 2022 today. The company missed expectations across the board, and it’s blaming Apple for some of its challenges. Specifically, like many other companies recently, Peloton says that Apple’s App Tracking Transparency platform is impacting its ability to gain new subscribers…

Peloton reports Q1 earnings miss, slashes forecast: PTON plunges 25%

Peloton reported its earnings for fiscal Q1 2022, coming in below analyst expectations both in terms of revenue and loss-per-share. The company reported $805.2 million in revenue for the quarter, compared to expectations of $810.7 million. It reported a loss per share of $1.25, higher than expectations of a $1.07 loss per share, for a total loss of $376 million.

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Peloton drops Bike price by $400 following Q4 earnings miss

Peloton today reported its earnings for the fiscal fourth quarter of 2021, showing slowing growth and a wider-than-expected loss. In conjunction with the earnings announcement, however, Peloton also revealed that it will cut the price of the original Peloton Bike by $400.

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Peloton recalls all treadmills following CPSC warning and investigation

In April, the US Consumer Product Safety Commission issued a warning for people to stop using the Peloton Tread+. This came after the tragic death of a child caused by the Tread+. Now, the CPSC and Peloton have jointly announced a recall of all Tread treadmills.

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Peloton becoming an ‘antidote to Spotify’ for the music industry, analysts say

Music is an incredible part of the Peloton experience, and a report from The Telegraph this month offers an interesting look at how Peloton is becoming a larger player in the music industry as a whole.

The report explains that while Spotify focuses on quantity, Peloton’s interest in music is very curated and hand-picked, something that has attracted interest from the music industry.

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Peloton spends $420 million to acquire fitness equipment manufacturer Precor

Peloton will spend nearly a half billion dollars on an acquisition to help it better keep up with demand for its popular bikes and treadmills. As announced in a press release, Peloton will acquire the exercise equipment manufacturer Precor for $420 million, with the deal expected to close in early 2021.

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Peloton launches new Field Testing beta program, here’s how to sign up

Peloton has launched a new beta testing program for its members. Dubbed the Peloton Field Testing Community, the company is looking for members to help test new features and products. Peloton says that there is a “limited” number of spots in the community, and interested users can sign up today.

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Jess King now a Peloton Tread instructor, new classes available today

Peloton has officially announced that popular Bike instructor Jess King will be bringing her coaching talent to the Tread as well. After several months of rumors, the first on-demand Peloton Tread classes with Jess are now available, and she will coach her first live Tread class later today.

And if you’re a fan of Jess’ Bike classes, she’ll continue coaching those as well.

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Peloton Bike vs Bike+: Which should you buy?

Peloton this week officially unveiled its new Bike+, bringing a variety of new features and changes compared to the original Peloton Bike. In conjunction with the Bike+ introduction, Peloton also dropped the price of the standard Bike, creating a tricky dilemma for current Peloton owners and new shoppers alike. Read on as we round up everything we know about the Peloton Bike vs Peloton Bike+.

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Bloomberg: Peloton could announce more expensive bike, cheaper Tread as soon as next week

A new report from Bloomberg today offers additional details on Peloton’s upcoming hardware plans. According to the report, the company could announce its cheaper treadmill and higher-end bike as soon as next week. The existing Peloton bike could get a price drop in conjunction with these announcements.

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