Peloton Inc. (NASDAQ: PTON) stock fell by 4.25% at last close while the PTON stock price plunged by 32.71% in the pre-market trading session after the company has announced its financial outcomes for the first quarter of the fiscal year 2022. Peloton is the biggest and most popular interactive fitness service, with more than 6.2 million active users. The company was the first to provide linked, technology-enabled exercise to the masses, as well as the live streaming of immersive, instructor-led boutique classes to its customers at any time.
PTON stock’ Financial Highlights
Peloton announced its financial outcomes for the first quarter of the fiscal year 2022. Given below is the summary:
- The net revenue for the first quarter of fiscal 2022 was $805.2 million which is an increase of 6%.
- The gross margin for the first quarter of fiscal 2022 was 32.6%.
- For the first quarter of fiscal 2022, the net loss was $376.0 million.
- For the first quarter of 2022, the ending connected fitness subscriptions surged by 875 to 2.49 million whereas the paid digital subscriptions rose to 887 thousand by 74%.
Future Guidance
It’s quite difficult to predict the expected outcomes in light of the Covid-19 pandemic’s unusual circumstances. As a result, they’re going back to offering guidance ranges.
- The ending connected fitness subscriptions are expected to be between 2.8 million to 2.85 million for the second quarter of fiscal 2022 while for the full-year fiscal 2022 it could be around 3.35 million to 3.45 million.
- The anticipated total revenue for the second quarter fiscal 2022 is $1.1 billion to $1.2 billion and $4.4 billion to $4.8 billion for the full-year fiscal 2022.
- For the second quarter fiscal 2022 and full-year fiscal 2022 the gross profit is expected to be 24% and 32% respectively.
- The Adjusted EBTIDA for the second quarter of fiscal 2022 and full-year fiscal 2022 will be around $325 million to $350 million and $425 million to $475 million, respectively.
