Peloton's Results Weren't as Bad as Wall Street Thinks

By Travis Hoium – May 6, 2023 at 6:15AM

NASDAQ: PTON

Peloton Interactive

Market Cap

$1B

Today's Change

(0.28%) $0.01

Current Price

$3.65

Price as of June 3, 2024, 4:00 p.m. ET

Peloton reported quarterly results this week and there were some positive signs, despite the stock's big drop.

Peloton (PTON 0.28%) reported earnings this week, and investors weren't happy with the results. But if you take a long-term view, there was a lot to like. Subscribers were up and hardware losses dropped. In this video, Travis Hoium covers why the quarter was better than most investors think.

*Stock prices used were end-of-day prices of May 4, 2023. The video was published on May 5, 2023.

Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy.

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.