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Peloton bets on gym floors with Commercial Bike and Tread
business26 days ago

Peloton bets on gym floors with Commercial Bike and Tread

Peloton is launching its Commercial Series—the first Bike and Tread built for high-traffic gym floors—in a bid to grow beyond slower consumer sales. Developed with Precor, the rugged equipment will ship in late 2026 and launch in the U.S., U.K., Canada, Germany, Australia and Austria, with pricing to be announced closer to release. Peloton hopes the commercial push will leverage its digital platform and international distribution network to scale, as the commercial unit posted about 10% revenue growth last quarter despite overall weak results; some gym operators may resist adopting external brands.

via CNBC|
#business#commercial-fitness#fitness-industry-growth
Peloton Workouts Now Automatically Sync to Garmin Connect
sports-technology1 month ago

Peloton Workouts Now Automatically Sync to Garmin Connect

Peloton workouts can now automatically sync into Garmin Connect, bringing Peloton data (distance, duration, heart rate, cadence, power on Bike, calories, training load/effects) to Garmin metrics and your watch. Setup is via the Peloton app: Settings > Connected Apps & Devices > Garmin Connect, then authorize. Completed Peloton workouts (on Bike, Tread, or app) push to Garmin Connect and update metrics like Training Status and Recovery. Power data may depend on device, and calorie numbers can differ slightly. Previously Garmin→Peloton was possible; this enhances security by avoiding third‑party apps and streamlining data flow.

via DC Rainmaker|
#fitness-technology#garmin-connect#peloton
Peloton’s Holiday Slump Tests AI Redesign Despite Profit Push
business2 months ago

Peloton’s Holiday Slump Tests AI Redesign Despite Profit Push

Peloton reported a softer holiday quarter, missing revenue ($657M vs $674M expected) and earnings (loss of 9c per share vs 6c expected), with hardware and subscription sales also brief of forecasts. The company cautioned that demand remains sluggish, guiding Q3 revenue to $605–$625M (below consensus $638M). Yet adjusted EBITDA beat expectations at $81M and the full-year target was raised to $450–$500M from $425–$475M, aided by 39% year-over-year EBITDA growth and debt reduction. CFO Liz Coddington is leaving, and CEO Peter Stern framed the results as a balance of innovation and profitability, signaling ongoing product upgrades and pricing adjustments despite weaker demand for the AI-driven lineup.

via CNBC|
#business#earnings#guidance
Peloton Recalls 833,000 Bikes Over Seat Post Safety Concerns
business5 months ago

Peloton Recalls 833,000 Bikes Over Seat Post Safety Concerns

Peloton is recalling 833,000 of its original Bike+ bikes due to a seat post defect that has caused two injuries and led to the detachment of the seat during use. Consumers are advised to stop using the bikes immediately and contact Peloton for a free repair, which involves installing a new seat post at home. This recall is part of a series of product safety issues faced by Peloton, including a previous recall of 2.2 million units of its base Bike models and a treadmill incident in 2021. The company is actively working to restore growth amid these challenges.

via CNBC|
#bike#business#injuries
Peloton Unveils AI-Driven Product Overhaul and Major Hardware Launch
business6 months ago

Peloton Unveils AI-Driven Product Overhaul and Major Hardware Launch

Peloton announced new versions of its Bike, Tread, and Row with advanced features like swivel screens, faster chips, and AI-powered personalized coaching, alongside price hikes for hardware and memberships, leading to a drop in its stock price. The company also acquired Breathwrk and plans to enhance user experience with AI and camera integrations, aiming to revitalize its brand under new leadership.

via Bloomberg.com|
#ai#business#fitness-technology
Peloton Unveils Major Hardware Overhaul and AI-Driven Product Lineup
technology6 months ago

Peloton Unveils Major Hardware Overhaul and AI-Driven Product Lineup

Peloton has launched its biggest hardware update in years, introducing new AI-powered features with Peloton IQ and a revamped lineup of bikes, treadmills, and rowers designed for versatile cross-training, alongside new community features and increased membership prices, aiming to reposition itself as a flexible, value-driven fitness option.

via WIRED|
#ai-powered-service#cross-training-series#hardware-launch
Peloton Turns Profit Amid Sales Decline and Job Cuts
business8 months ago

Peloton Turns Profit Amid Sales Decline and Job Cuts

Peloton unexpectedly posted a profit in its fiscal fourth quarter, driven by cost reductions and better sales, despite a 6% revenue decline. The company announced plans to cut an additional 6% of its staff and reduce operating expenses by $100 million by fiscal 2026 to improve profitability. Under new CEO Peter Stern, Peloton is focusing on cost restructuring, expanding its retail presence with micro-stores, and international growth, while also working to improve hardware margins and manage tariffs' impact. Despite recent challenges, Peloton is optimistic about returning to growth and profitability.

via CNBC|
#business#cost-cutting#growth-strategy