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Dubai News Club > Tech > Peloton CEO thinks losing $1.2 billion is a sign of “substantial progress”
Tech

Peloton CEO thinks losing $1.2 billion is a sign of “substantial progress”

Press Room
Last updated: 2022/08/25
Press Room
Published: August 25, 2022
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Peloton’s numbers don’t look great. In its Q4 2022 earnings release this morning, the company reported a $1.2 billion operating loss, a 28 percent revenue drop, a membership decline, and a monthly subscriber churn exceeding 1 percent for the first time in a long while. (Perhaps ever?) And that’s just the tip of the iceberg. In a nutshell, losses were greater than both Peloton and investors had anticipated.

And yet, Peloton CEO Barry McCarthy would have you believe the numbers…

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