Peloton, the fitness equipment and streaming service provider, has reported their earnings for the first quarter of 2023. The company saw a narrowing of losses, with subscription revenue continuing to outpace equipment sales.
This positive news comes in the midst of Peloton’s ongoing efforts to turn their business around. Their cash burn rate has slowed from previous quarters, and the company is expected to continue to make progress in the coming months.
Despite these positive developments, some investors are still wary of Peloton’s stock. The Motley Fool recently reported that Peloton’s stock should be avoided “like the plague” due to their ongoing revenue struggles.
MarketWatch has reported that investors should look out for Peloton’s upcoming earnings report to get a better understanding of the company’s trajectory in the near future.
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