Peloton (PTON) Tops Q2 EPS by 16c, Revenue Beats, Offers Guidance

Peloton (NASDAQ: PTON) reported Q2 EPS of ($0.20), $0.16 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $466.3 million versus the consensus estimate of $422.93 million.

• Connected Fitness Subscribers grew 96% to 712,005; total Members grew to over 2.0 million

GUIDANCE:

Peloton sees Q3 2020 revenue of $470-480 million, versus the consensus of $494.3 million.

• 843,000 to 848,000 ending Connected Fitness Subscribers, growth of 85% at midpoint • $470 million to $480 million total revenue, 50% growth at midpoint • $(35) million to $(25) million Adjusted EBITDA, (6.3)% Adjusted EBITDA margin at midpoint of ranges

Peloton sees FY2020 revenue of $1.53-1.55 billion, versus the consensus of $1.49 billion.

• 920,000 to 930,000 ending Connected Fitness Subscribers, growth of 81% at midpoint • $1.53 billion to $1.55 billion total revenue, 68% growth at midpoint • $(115) million to $(95) million Adjusted EBITDA, (6.8)% Adjusted EBITDA margin at midpoint of ranges

For earnings history and earnings-related data on Peloton (PTON) click here.

You May Also Be Interested In

• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• Morgan Stanley lifts server market TAM to $809B, boosts targets on compute stocks
• Carnival Corp. (CCL) Tops Q2 EPS by 8c, Beats on Revenue; Offers Guidance