https://www.thetechie.xyz/2019/08/peloton-files-for-ipo.html
Shortly after confidentially filing for an IPO, Peloton has publicly filed for that, with an S-1 filing unveiled less than 24 hours ago. Peloton is seeking to raise $500 million on the Nasdaq stock exchange, intending to trade under the ticker "PTON". According to its S-1 filing, New York-based Peloton recorded $915 million in revenue in the fiscal year ended June 30, 2019. This is up more than 100% from $435 million in the previous year (2018), and $219 million in 2017.
However, Peloton isn't profitable, with $246 million in losses in the fiscal year ended June 2019. In 2018, the company recorded [a significantly lower] $48 million in losses, compared to a much higher $163 million loss in 2017. Sales of Peloton's connected fitness products account for a bulk of its revenue. In fiscal 2019, Peloton recorded $719 million in revenue from sales of fitness products, with $181 million coming from subscriptions and $15 million from "other" sources.
(Score: 4, Informative) by Rupert Pupnick on Friday August 30 2019, @05:18PM (2 children)
The gimmick that distinguishes Peloton from an exercise-bike-plus-screen-based-media is that you (along with other members of a group) are connected to a live trainer. A bit 1984ish for my taste, thanks. Plus there's a subscription fee.
I have a hard time seeing how it can form the basis of a successful business, but as a mostly unplugged Old School technocrank, I don't think I'm in a position to judge.
(Score: 2) by kazzie on Saturday August 31 2019, @08:15AM (1 child)
What, you don't like neon leotards and big hairstyles?
(Score: 2) by Rupert Pupnick on Saturday August 31 2019, @08:16PM
Remember our boys on the Malabar Front?
https://youtu.be/CCfW6HFP5cI [youtu.be]