NASDAQ$PTON

Peloton Interactive · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Peloton's Q3 performance was marked by substantial growth in revenue and connected fitness subscriptions, alongside strategic investments in supply chain and international expansion.

Peloton's Q3 2021 saw a 141% increase in total revenue, reaching $1,262.3 million, driven by strong growth in Connected Fitness subscriptions, which grew 135% to over 2.08 million. The company reported a net loss of $(8.6) million, but Adjusted EBITDA was $63.2 million, representing a 5.0% margin. Member engagement was strong, with average monthly workouts per Connected Fitness Subscription reaching 26.0.

  • Connected Fitness Subscriptions increased by 135% to over 2.08 million.
  • Total revenue grew 141% to $1,262.3 million.
  • Average Net Monthly Connected Fitness Churn was at a six-year low of 0.31%.
  • Digital Subscriptions grew 404% to approximately 891,000.

Headline financials

Total Revenue

$1.26B

Previous: $525M+140.6%
EPS (adj)

-$0.03

Previous: -$0.20+85.0%
Ending Paid Connected Fitness Subscriptions

2.1M

Previous: 886.1K+134.8%
Average Net Monthly Paid Connected Fitness Subscription Churn

0.3%

Previous: 0.5%-32.6%
Capital Expenditures

-$168M

Previous: -$110M-52.5%
Free Cash Flow

-$177M

Previous: -$166M-6.5%
Net Income

-$8.6M

Previous: -$55.6M+84.5%
Operating Income

-$13.7M

Previous: -$58.4M+76.5%
Gross Profit

$445M

Previous: $246M+81.0%
Cash & Equivalents

$2.06B

Previous: $509M+303.9%
Total Assets

$4.71B

Previous: $2.57B+83.4%
Stock-Based Comp

$41.7M

Previous: $20.5M+103.4%

Revenue & EPS history

Peloton · Revenue · Quarterly

$1.26B

Q3 2021+140.6%vs Q3 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

Peloton · $1.26B total across 2 segments · Q3 2021

  • Connected Fitness Products
    $1.02B+143.4%
  • Subscription
    $239M+143.8%

Forward guidance

Management will offer revised full-year guidance during prepared remarks on today’s earnings conference call.

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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