NASDAQ$PTON
Peloton Interactive · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Peloton's Q1 2022 results reflected growth in subscriptions and revenue, but were impacted by product recalls and pricing adjustments.
Peloton's Q1 2022 showed a 6% increase in total revenue to $805.2 million, driven by Connected Fitness products and subscription growth. Ending Connected Fitness Subscriptions grew 87% to 2.49 million. However, the company reported a net loss of $(376.0) million, or $(1.25) per diluted share, and an Adjusted EBITDA loss of $(233.7) million.
- Connected Fitness Subscriptions grew 87% to 2.49 million.
- Paid Digital Subscriptions grew 74% to 887 thousand.
- Total revenue increased 6% to $805.2 million.
- Net loss was $(376.0) million, or $(1.25) per diluted share.
Headline financials
Revenue & EPS history
Peloton · Revenue · Quarterly
$805M
Revenue by segment
Peloton · $805M total across 2 segments · Q1 2022
- Connected Fitness Products$501M-16.7%62.2%
- Subscription$304M+94.3%37.8%
Forward guidance
Peloton is reintroducing guidance ranges due to the challenging consumer environment. They anticipate Q2 revenue of $1.1 billion to $1.2 billion and full year revenue of $4.4 billion to $4.8 billion. Gross margin for Q2 is expected to be approximately 24% and approximately 32% for the full year.
Tailwinds
- Expects a healthy holiday selling season.
- Forecast assumes unit sales modestly ahead of last year’s Q2 levels.
- Driven by growing consumer interest in the Connected Fitness category.
- Driven by a resumption of marketing and promotional activity.
- Expect Subscription Contribution Margin will continue to modestly expand year-over-year.
Headwinds
- More pronounced tapering of demand related to the ongoing opening of the economy.
- Richer than anticipated mix of sales to original Bike.
- Year-over-year reduction in Connected Fitness gross margin will be driven primarily by the price reduction of our original Bike.
- Deleveraging of fixed costs in our supply chain.
- Higher than anticipated variable costs including commodities and freight.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.8%
Avg return
30 days after
52%
14 / 27 earnings
Positive
+44.0%
Q4 2024
Best reaction
-38.1%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +8.5% | +3.5% | +10.8% | |
| Q2 2026 | -25.7% | -26.4% | -35.2% | |
| Q1 2026 | +13.8% | +11.2% | -4.3% | |
| Q3 2025 | -6.9% | -2.4% | +4.6% | |
| Q2 2025 | +12.0% | +15.3% | -18.1% | |
| Q1 2025 | +9.0% | +15.2% | +55.5% | |
| Q4 2024 | +44.0% | +43.5% | +45.8% | |
| Q3 2024 | +6.5% | +27.0% | +13.0% | |
| Q2 2024 | -23.7% | -21.2% | -17.3% | |
| Q1 2024 | +8.3% | +1.2% | +29.3% | |
| Q4 2023 | -21.1% | -16.2% | -36.2% | |
| Q3 2023 | -11.6% | -11.3% | -5.2% | |
| Q2 2023 | +31.3% | +22.1% | +7.2% | |
| Q1 2023 | +8.8% | +11.0% | +54.1% | |
| Q4 2022 | -21.3% | -28.9% | -36.9% | |
| Q3 2022 | -12.7% | +12.3% | -21.3% | |
| Q2 2022 | +30.3% | +16.6% | -24.0% | |
| Q1 2022 | -38.1% | -44.2% | -51.6% | |
| Q4 2021 | -10.2% | -13.8% | -20.3% | |
| Q3 2021 | +1.4% | +10.2% | +24.7% | |
| Q2 2021 | +0.8% | +0.4% | -28.6% | |
| Q1 2021 | +5.8% | -11.3% | -3.5% | |
| Q4 2020 | -7.8% | -6.3% | +34.9% | |
| Q3 2020 | +21.8% | +18.2% | +26.7% | |
| Q2 2020 | -13.4% | -14.6% | -25.4% | |
| Q4 2019 | -0.5% | +5.7% | +43.5% | |
| Q1 2020 | -6.5% | -4.4% | +27.2% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — |
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