[2/16/2021] What’s Taking place With Peloton Inventory?
Peloton’s (NASDAQ: PTON) inventory has gained about 5x during the last yr, making the at-home health firm one of many greatest winners by way of Covid-19. Right here’s a fast rundown of the current developments for Peloton’s inventory.
Firstly, Peloton revealed a powerful set of Q2 FY’21 outcomes (quarter ended December 31, 2020), beating market expectations. Income grew 128% year-over-year to $1.06 billion and the corporate additionally posted a small revenue. Related health subscribers grew to 1.67 million on the finish of the quarter, marking a rise of 134% year-over-year, and the quantity is predicted to develop to 2.28 million by the top of the fiscal yr. Related health subscribers pay about $40 per thirty days to entry and sync courses to their Peloton tools.
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