In this video, I will be talking about Peloton (PTON 2.62%) and Pinterest (PINS 0.89%) and the moves both companies have been making this quarter. You can find the video below.
Peloton
The stock is down due to fears that people might stop using Peloton's services or buying the equipment. But the company has actually been making some moves this quarter that will bear fruit in the future.
- The company launched Peloton Apparel. Obviously, we shouldn't expect it to turn into Lululemon Athletica overnight or generate a large part of the company's revenue, but what it will do is open up a new revenue stream and lead to more exposure.
- Peloton Tread is now available in Germany as well as the U.S., U.K., and Canada, and it will probably roll out in other countries soon.
- The company is building its first U.S. manufacturing facility.
The stock is down 30%, mainly because of fears that the number of monthly active users will not grow any further. However, revenue has grown 125% year over year. But just like Peloton, the company has been making moves this quarter:
- According to the director of Pinterest business in Latin America, the user base is growing.
- Pinterest has hired a new country manager in Japan who spent seven years working for Amazon as head of agency and ad tech sales.
- According to a survey by Nielsen, the platform has 14.5 million unique visitors per month in Germany, and they come with one intention -- to shop. Of monthly active users, 82% say they are actively searching for products to buy on Pinterest.
- Pinterest has introduced new e-commerce features such as Slideshow for Collections.
For full insights, do watch the video below.
*Stock prices used were the closing prices of Oct. 6, 2021. The video was published on Oct. 7, 2021.
