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Jon Fortt ... follow on LinkedIn
@jonfortt
This is a solid quarter if you believe *not selling bikes* is the way $PTON turns things around. Which I don't. I suspect loyalty and subs lag hardware sales, and a year from now #Peloton is in a BlackBerry spiral.
cnbc.com
Peloton shares surge 26% after fitness company posts subscription revenue growth
Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.
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Alby
@albyva
Replying to
@jonfortt
Peloton should pay exercise bike/treadmill makers to incorporate their technology into bikes. If they can't ditch the hardware, they will never survive the test of time.
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Nathan S
@UltimateTrad8r
Replying to
@jonfortt
Agreed $pton is finished. All they do is lose no and sales decline is 24% if sales are up over analyst estimates, they are above lowered estimates. All they do is lose money. Break even by years end? I don’t believe it! What a joke
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Captain Steve Rogers
@CaptainSRogers
Replying to
@jonfortt
bad analogy. iphones & other smart phones made blackberry's obsolete. There's no competition/technology that's really threatening #Peleton. #TSLA on the other hand is more likely to become blackberry as competitors flood the market with better, cheaper & cooler EVs.
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Harry
@halfnium
Replying to
@jonfortt
Peleton has an identity crisis and customers are becoming confused. If it is an on line exercise class company, it is a low margin & low moat business. Perhaps it would be advised to become an on premise gym designer and manager.
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Kyle McIntosh
@kylegmcintosh
Replying to
@jonfortt
I love the product. But it’s hard to understand the victory lap Barry is taking in the letter. They are still bleeding $. And I don’t see how they will stem that tide. No sub growth in December quarter which should be their best.
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