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posted by janrinok on Friday August 30 2019, @01:39PM   Printer-friendly
from the on-yer-bike! dept.

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.


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  • (Score: 0) by Anonymous Coward on Friday August 30 2019, @07:23PM (1 child)

    by Anonymous Coward on Friday August 30 2019, @07:23PM (#887885)

    Garbage "editing" (who/what the fuck is peloton?).

  • (Score: 2, Funny) by Anonymous Coward on Friday August 30 2019, @07:54PM

    by Anonymous Coward on Friday August 30 2019, @07:54PM (#887903)

    I believe my school has them, they are an exercise bike with a screen and movable handle bars. The screen shows you a group of riders on a course, the idea being that you're supposed to give more effort by trying to beat the ghost rider.

    I tried steering off a cliff, but the stupid thing kept me on the track. No fun.