HomeIndustriesEntertainment & MediaPeloton (PTON) Drops After Revenue & Outlook Fall Short

Peloton (PTON) Drops After Revenue & Outlook Fall Short

Peloton (PTON) earnings were released today. Its adjusted EPS came in at -$0.68 versus an estimated -$0.45 and revenue came in at $642.1M versus an estimated $640.5M. The stock drops after its revenue outlook falls short. PTOM members came in at 6.5M versus last year's 6.9M and its app subscribers came in at 828.0K versus last year's 980.0K. David Carr notes that PTON's cancellations are up 8% over the previous quarter and he estimates that in July there were 2.5X more cancellations as new digital subscribers. Seema Shah highlights that PTON's marketing likely led to user growth and has seen engagement spike relative to competitors. Tune in to find out more about the stock market today.

Trading 360

23 Aug 2023

SHARE

ON AIR
12:30 am
Market On Close
replay
12:00 am
Market Overtime
REPLAY
ON AIR
12:30 am
Market On Close
REPLAY
education
2:00 am
Your First Trade
REPLAY
education
2:30 am
Your First Trade
REPLAY
3:00 am
Fast Market
REPLAY
4:00 am
Next Gen Investing
REPLAY
education
5:00 am
Liz Ann Live
REPLAY
5:30 am
The Wrap
REPLAY
7:00 am
Market Overtime
REPLAY
8:00 am
Market Overtime
REPLAY
8:30 am
Market On Close
REPLAY
education
10:00 am
Schwab 2026 Outlook
REPLAY
11:00 am
Fast Market
REPLAY
12:00 pm
Next Gen Investing
REPLAY
education
1:00 pm
Liz Ann Live
REPLAY
1:30 pm
The Wrap
REPLAY
3:00 pm
Market Overtime
REPLAY
4:00 pm
Market Overtime
REPLAY
4:30 pm
Market On Close
REPLAY
education
6:00 pm
Schwab 2026 Outlook
REPLAY
7:00 pm
Fast Market
REPLAY
8:00 pm
Next Gen Investing
REPLAY
education
9:00 pm
Liz Ann Live
REPLAY
9:30 pm
The Wrap
REPLAY
11:00 pm
Market Overtime
REPLAY

Schwab Network's Newsletters

Daily insights for every investor