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Peloton Interactive in FREEFALL; CEO shitcanned + mass layoffs
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Date: May 3rd, 2024 5:14 PM Author: topaz box office blood rage apparently their subscription-based model is petering out as users balk at paying $44/month for their exercise machines to spy on them:
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it "simply had no other way to bring its spending in line with its revenue."
McCarthy, a former Spotify and Netflix executive, will become a strategic advisor to Peloton through the end of the year while Karen Boone, the company's chairperson, and director Chris Bruzzo will serve as interim co-CEOs. Boone most recently served as the CFO of Restoration Hardware while Bruzzo was a longtime executive at Electronic Arts. Peloton is seeking a permanent CEO.
The company also announced a broad restructuring plan that will see its global headcount cut by 15%, or about 400 employees. It plans to continue to close retail showrooms and make changes to its international sales plan.
The moves are designed to realign Peloton's cost structure with the current size of its business, it said in a news release. It's expected to reduce annual run-rate expenses by more than $200 million by the end of fiscal 2025. About half of those savings are going to come from payroll reductions, while the rest will come from lower marketing spending, a reduced retail store footprint, and reduced IT and software spending, said finance chief Liz Coddington.
The departments hit the hardest from the restructuring will be Peloton's research and development, marketing and international teams, Coddington said.
"This restructuring will position Peloton for sustained, positive free cash flow, while enabling the company to continue to invest in software, hardware and content innovation, improvements to its member support experience, and optimizations to marketing efforts to scale the business," the company said.
Peloton's shares surged more than 12% in premarket trading but opened lower after the company's conference call with Wall Street analysts concluded. Shares closed about 3% lower. Peloton board ready for its next CEO
McCarthy took the helm of Peloton in February 2022 from founder John Foley and has spent the last two years restructuring the business and working to get it back to growth.
As soon as he took over, he implemented mass layoffs to right size Peloton's cost structure, closed some of the company's splashy showrooms and enacted new strategies designed to grow membership. He overhauled Peloton's executive team, oversaw its rebrand and created new revenue drivers like the company's rental program.
The last round of cuts, affecting 500 employees, was announced in October 2022. McCarthy later said the company's restructuring was "complete" and it was instead pivoting to "growth."
"We are done now," McCarthy had said in November 2022 of the layoffs. "There are no more heads to be taken out of the business."
Contrary to Peloton's founder, McCarthy redirected Peloton's attention to its app as a means to capture members who may not be able to afford the company's pricey bikes or treadmills but could be interested in taking its digital classes.
In a letter to staff, McCarthy said the company now needed to implement layoffs again because it wouldn't be able to generate sustainable free cash flow with its current cost structure. Peloton hasn't turned a profit since December 2020 and it can only burn cash for so long when it has more than $1 billion in debt on its balance sheet.
"Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo.
In a letter to shareholders, the company said it is "mindful" of the timing of its debt maturities, which include convertible notes and a term loan. It said it is working closely with its lenders at JPMorgan and Goldman Sachs on a "refinancing strategy."
"Overall, our refinancing goals are to deleverage and extend maturities at a reasonable blended cost of capital," the company said. "We are encouraged by the support and inbound interest from our existing lenders and investors and we look forward to sharing more about this topic."
In a news release, Boone thanked McCarthy for his contributions.
"Barry joined Peloton during an incredibly challenging time for the business. During his tenure, he laid the foundation for scalable growth by steadily rearchitecting the cost structure of the business to create stability and to reach the important milestone of achieving positive free cash flow," Boone said.
"With a strong leadership team in place and the Company now on solid footing, the Board has decided that now is an appropriate time to search for the next CEO of Peloton."
During a conference call with analysts, Boone said Peloton's board is looking for a leader who can "architect and lead the next phase of growth for the company." Disappointing earnings, lowered outlook
Also on Thursday, Peloton announced its fiscal third-quarter results and fell short of Wall Street's expectations on the top and bottom line. Here's how the connected fitness company did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
•Loss per share: 45 cents vs. a loss of 37 cents expected •Revenue: $718 million vs. $723 million expected
The company's reported net loss for the three-month period that ended March 31 was $167.3 million, or 45 cents per share, compared with a loss of $275.9 million, or 79 cents per share, a year earlier.
Sales dropped to $718 million, down about 4% from $748.9 million a year earlier.
Peloton has tried a little bit of everything to get the company back to sales growth. It removed the free membership option from its fitness app, expanded its corporate wellness offerings and partnered with mega-brands like Lululemon to grow membership, but none of the initiatives have been enough to grow sales.
For the ninth quarter in a row, Peloton's revenue fell during its fiscal third quarter, when compared with the year-ago period. It hasn't seen sales grow compared with the year ago quarter since December 2021, when the company's stationary bikes were still in high demand and many hadn't yet returned to gyms amid the Covid-19 pandemic.
The business is continuing to bleed money and hasn't turned a net profit since December 2020.
For its current fiscal year, Peloton lowered its outlook for paid connected fitness subscriptions, app subscriptions and revenue. It reduced its connected fitness subscription outlook by 30,000 members, or 1%, to 2.97 million as it looks toward its current quarter, which is typically its toughest because people tend to work out less in the spring and summer months.
"Our Paid Connected Fitness Subscription guidance reflects an updated outlook for hardware sales based on current demand trends and expectations for seasonally lower demand," the company said.
Peloton now expects app subscriptions to drop by 150,000, or 19%, to 605,000.
"We are maintaining our disciplined approach to App media spend as we evaluate our App tiers, pricing, and refine the Paid App subscription acquisition funnel," the company said.
As a result of expected downturns in its subscription sales, Peloton now projects full-year revenue to come in at $2.69 billion, a reduction of about $25 million, or 1%. That's below expectations of $2.71 billion, according to LSEG.
However, the company raised its full-year outlook for gross margin and adjusted EBITDA. It now expects total gross margin to grow by 50 basis points, to 44.5%, and adjusted EBITDA to grow by $37 million, to negative $13 million.
"This increase is largely driven by outperformance from Q3, combined with lower media spend and cost reductions from today's announced restructuring plan," the company said. The quest to reach positive free cash flow
Last February, McCarthy set a goal of returning Peloton to revenue growth within a year. When it failed to reach that milestone, McCarthy pushed it back and said he now expects the company to be back to growth in June, at the end of the current fiscal year.
McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. It's the first time Peloton has hit that mark in 13 quarters. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is.
Last month, CNBC reported that Peloton hadn't been paying its vendors on time, which could temporarily pad its balance sheet. Data from business intelligence firm Creditsafe showed that Peloton's late payments to vendors spiked in December and again in February after improving in January.
The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter and in fiscal 2025.
"While we firmly intend to return the business to growth, with today's announced cost reductions, we're lowering our cost base and we see a path to positive free cash flow without requiring a significant improvement in growth to get there," Coddington said on the conference call. "I also want to clarify that we have carefully reviewed these cost measures to make sure that we do still have the capability to invest in innovation so that the business can grow profitably."
Part of the reason why Peloton had failed to reach positive free cash flow is because it's simply not selling enough of its hardware, which is costly to make and has become less popular since the Covid-19 pandemic ended and people returned to gyms.
"Looking at the numbers in more detail, the biggest problem lies in the part of the business where Peloton first made its name: exercise equipment. Revenue for connected fitness products plummeted by 13.6% over last year in a sign that consumers are still cooling on equipment that, while aesthetically and technically pleasing, is very expensive," GlobalData managing director Neil Saunders said in a note.
"A lot of people who want Peloton equipment already have it and are not likely to upgrade anytime soon; the balance of the market is either not interested or needs a lot of persuasion to buy into Peloton."
https://www.cnbc.com/2024/05/02/peloton-ceo-barry-mccarthy-steps-down-15percent-of-staff-laid-off.html |
Date: May 3rd, 2024 5:18 PM Author: filthy navy locale (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632644) |
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Date: May 3rd, 2024 5:28 PM Author: Translucent stirring ticket booth codepig Stock up huge today (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632668) |
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Date: May 3rd, 2024 5:29 PM Author: beta police squad theatre Wow shocking
Rocketed like a bat out of hell during covid and now back to earth. It’s simply this generation’s Nordictrack that our parents spent $3k on in 1992 for it to sit there in the master bedroom as a clothes drying rack. |
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Date: May 3rd, 2024 5:46 PM Author: Passionate clown great analogy. it's crazy when something that expensive becomes a fad. it's one thing when everyone is gushing over and instapot or air fryer. but seeing everyone post their peleton shit and then stop after a month or so was really funny. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632724) |
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Date: May 3rd, 2024 5:48 PM Author: Appetizing disrespectful selfie indian lodge I wonder how many returns they got. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632728) |
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Date: May 3rd, 2024 5:50 PM Author: topaz box office blood rage whirpool had something similar happen. their sales went up during the flu era. they bought a 'recipe app' company for a large amount of money and tried to introduce a subscription model on their appliances using that company as the inducement/bait. but it failed to generate revenue, so they shitcanned the entire division a few weeks ago. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632734) |
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Date: May 3rd, 2024 5:55 PM Author: Passionate clown everything being a subscription model is demonic. the only good thing is watching gc tech faggots sell a loss leader product hoping to make it up in subscriptions go bankrupt. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632743) |
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Date: May 3rd, 2024 6:07 PM Author: talented space Hello fellow goyim,
Would you like to pay for the Same Thing in perpetuity? Instead of buying it once you can keep paying for it indefinitely! |
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Date: May 3rd, 2024 6:08 PM Author: talented space To be fair my dad Nordic tracked the fuck out of the 90s. I will never forget the smell and sound of that thing. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632778) |
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Date: May 3rd, 2024 7:14 PM Author: Aqua histrionic range Lol same. When i was really little i didnt notice the stench. Then one day i did and wanted to puke whenever my dad exercised (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632995) |
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Date: May 3rd, 2024 7:17 PM Author: Translucent stirring ticket booth codepig Your dad or the machine stunk? (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633003) |
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Date: May 3rd, 2024 7:42 PM Author: Aqua histrionic range My dad (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633062) |
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Date: May 3rd, 2024 8:16 PM Author: beta police squad theatre The marketing of that thing was insane. My parents’ just sat there for probably 10 years if not longer - may have been used 5x total.
Tbf my dad has a treadmill now that he walks on. (Needs to boom in front of a screen rather than going outside in their idyllic UMC suburb.) |
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Date: May 3rd, 2024 8:25 PM Author: talented space My dad rocked that thing wearing Adidas back when their shit was $10 and no one thought it was cool (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633135) |
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Date: May 3rd, 2024 9:16 PM Author: soul-stirring factory reset button Keep thinking of this poast and LOLing, tyvm (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633298) |
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Date: May 3rd, 2024 5:31 PM Author: Razzle-dazzle den multi-billionaire Shocking (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632681) |
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Date: May 3rd, 2024 6:00 PM Author: startling striped hyena (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632757) |
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Date: May 3rd, 2024 5:43 PM Author: arrogant stage pervert so in short, pretty much whatever they want tp (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632713) |
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Date: May 3rd, 2024 7:09 PM Author: soul-stirring factory reset button (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632980) |
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Date: May 3rd, 2024 5:55 PM Author: jet motley mad-dog skullcap public bath I am afraid sbux is next. Firing ceo is good, but doesn't mean the problem will be solved, once u have to fire ceo the coffers are empty. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632744) |
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Date: May 3rd, 2024 5:58 PM Author: domesticated boyish party of the first part site Remember when their market cap was $50 billion? LMAO. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632752) |
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Date: May 3rd, 2024 6:03 PM Author: High-end Swashbuckling Generalized Bond I have a Scumbag friend who just bought a regular exercise bike, mounted an iPad on it, and downloaded free trainer videos. Seems like you could just do that and save like 90% of whatever Peloton charges. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632767) |
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Date: May 3rd, 2024 6:05 PM Author: emerald roommate cruise ship you can also use the peloton app on an ipad with any stationary bike for a fraction of the price if you just wanna see Kendall's classy titties in your face every once in a while whilst pedaling away (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632771) |
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Date: May 3rd, 2024 8:10 PM Author: Mewling Bawdyhouse Mediation Link to titties? (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633119) |
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Date: May 3rd, 2024 10:13 PM Author: emerald roommate cruise ship https://www.instagram.com/p/C5jzkC_pVmB/
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Date: May 3rd, 2024 6:21 PM Author: provocative bull headed casino This is a great example of the problem with wall street
Peloton has a great product and a great business. For way less than the price of a gym membership, younger high quality on demand exercise classes - and they have great equipment.
But like...there are only so many yuppies in America. The insta pot is a great comp - people don't need 2 imstapots. |
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Date: May 3rd, 2024 6:26 PM Author: apoplectic bat shit crazy piazza yup that's the problem (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632846) |
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Date: May 3rd, 2024 6:33 PM Author: jet motley mad-dog skullcap public bath What great product? I actually used to bike over 100km. But I can't think of a reason to do stationary bike unless you're a faggot and just want something up your butt. Is that "Pelopoton program" some guy in a macho gay voice telling u "push harder inhale exhale"? (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632868) |
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Date: May 3rd, 2024 6:39 PM Author: provocative bull headed casino "But I can't think of a reason to do stationary bike"
So you lack the imagination of people having kids, winters, or not having access to 100 km of bike paths? |
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Date: May 3rd, 2024 6:41 PM Author: emerald roommate cruise ship bro if you're a TRUE ALPHA CYCLIST like the person you're responding to, you make your own bike paths regardless of location/weather/etc! (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632896) |
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Date: May 3rd, 2024 10:15 PM Author: tantric adventurous whorehouse (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633535) |
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Date: May 3rd, 2024 6:45 PM Author: Vivacious Friendly Grandma boor is a literal retarded bald midget jew (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632905) |
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Date: May 3rd, 2024 8:05 PM Author: jet motley mad-dog skullcap public bath I'm telling u sitting on a bicycle seat is not enjoyable unless u like a cock up our ass. First thing that comes to me when peloton is this attending jew 60yo closet fag that used come in a motorcycle jacket but didn't actually drive a motorcycle. Same with his Peloton but didn't know any cycling pistes in the area. Basically a giant faggot. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633110) |
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Date: May 4th, 2024 8:53 AM Author: Frisky medicated sneaky criminal jewess your 100km bike rides don't include a seat? that explains so much (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47634071) |
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Date: May 3rd, 2024 10:15 PM Author: tantric adventurous whorehouse (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633534) |
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Date: May 3rd, 2024 10:15 PM Author: tantric adventurous whorehouse (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633533) |
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Date: May 3rd, 2024 6:44 PM Author: Vivacious Friendly Grandma The biggest bullshit about Peleton is they will force firmware updates on their users that brick or fuck up their customers machines. Around November of last year, they issued a massive firmware update onto all their devices that nobody asked for. This caused a ton of the actual computer/iPad screens to be totally fucked and Peleton just told people they had to buy a new computer screen, which they charged customers $1000 for. Some customers bought a USB C mouse to plug into it so they could navigate it once the entire touchpad screen shit the bed. I pulled a DBG and ordered an entirely new screen, but the old defective back in the box, and returned it for full credit claiming the new one didn't work. |
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Date: May 3rd, 2024 8:09 PM Author: emerald roommate cruise ship Power move (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633118) |
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Date: May 3rd, 2024 7:04 PM Author: glassy rehab affirmative action it's a pity. the product itself is really great. i do 3 hours per week on it. it's indispensable to my workout routine and the best and most effective way for me to get cardio. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47632962) |
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Date: May 3rd, 2024 8:01 PM Author: painfully honest bearded useless brakes corner Why can’t you do real manly exercises rather than relying on a force memed fad designed for gullible women (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633099) |
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Date: May 3rd, 2024 8:07 PM Author: glassy rehab affirmative action I do compound weightlifting four days per week, one hour of Peloton three days per week, 45 minutes of rowing once a week and I'll play a full 18 most Sundays. No offense, but I'm probably in better shape than you. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633115) |
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Date: May 3rd, 2024 8:10 PM Author: startling striped hyena brutal (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633121) |
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Date: May 3rd, 2024 8:04 PM Author: Razzle-dazzle den multi-billionaire Can you use a peloton without buying their gay shoes? (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633108) |
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Date: May 3rd, 2024 9:25 PM Author: glassy rehab affirmative action You don’t have to buy their shoes. You do need cycling shoes. The cleats used are standard type. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633342) |
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Date: May 3rd, 2024 9:20 PM Author: thriller principal's office sex offender I bought 1000 shares today (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633316) |
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Date: May 3rd, 2024 9:20 PM Author: alcoholic heaven scourge upon the earth who could have guessed a fitness craze would fizzle out, that never happens, billy blanks is still famous right? (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633318) |
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Date: May 3rd, 2024 9:28 PM Author: glassy rehab affirmative action It’s easy to play Monday morning quarterback but a bike with live on-demand classes (including those unrelated to cycling) was definitely an evolution at the time (and took off at the best possible time), the company’s problems are more operational than related to the product itself. They spent way too much on R&D and the wrong types of marketing and the founder was a fraud. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633379) |
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Date: May 3rd, 2024 9:34 PM Author: alcoholic heaven scourge upon the earth lolno, anybody who invested in this was a literal retard, of course you were only ever going to sell x number of bikes and by the time you heard the stock was any good those had largely been sold and as with literally every other piece of exercise equipment ever, it was bound for disuse (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633419) |
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Date: May 3rd, 2024 9:37 PM Author: glassy rehab affirmative action You’re out of your depth here (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633436) |
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Date: May 3rd, 2024 9:25 PM Author: mischievous unholy step-uncle's house sound barrier They get $44 of my dollars every month. My wife uses that shit daily. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633344) |
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Date: May 3rd, 2024 9:27 PM Author: zippy spectacular meetinghouse remember when there were peloton stores lmao (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633359) |
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Date: May 3rd, 2024 9:33 PM Author: mischievous unholy step-uncle's house sound barrier I bought the water bottle. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633404) |
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Date: May 3rd, 2024 9:34 PM Author: slimy deer antler "Contrary to Peloton's founder, McCarthy redirected Peloton's attention to its app as a means to capture members who may not be able to afford the company's pricey bikes or treadmills but could be interested in taking its digital classes."
lmao, yeah, I'm sure people who can't afford your product are super interested in having another $ubscription. There's a ton of content creators giving pretty good classes and routines away for free on YouTube. For people who are really hardcore, Beachbody has a huge, good back catalog. There's no plausible customer FOR YOUR FUCKING APP. |
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Date: May 3rd, 2024 11:04 PM Author: emerald roommate cruise ship i subbed to the app for a while just for Kendall lol (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633627) |
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Date: May 3rd, 2024 11:49 PM Author: slimy deer antler If you want porn, then just buy porn LJL @ this weird softcore shit (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633714) |
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Date: May 3rd, 2024 11:13 PM Author: mentally impaired offensive azn parlour How is this different from just using the elliptical at your local gym for $30 a month (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633650) |
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Date: May 3rd, 2024 11:25 PM Author: mischievous unholy step-uncle's house sound barrier You don’t have to share the machine with proles. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633673) |
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Date: May 3rd, 2024 11:43 PM Author: mentally impaired offensive azn parlour I’ve always regarded going to the gym as an excuse to get out of the house and feel like you’re “doing something”. I guess the truly elite never leave their House and just interact with digital prompts all day. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633706) |
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Date: May 3rd, 2024 11:50 PM Author: mischievous unholy step-uncle's house sound barrier When I went to the gym I then stopped to eat something and always undid any progress with some trash restaurant food. Fuck that. Also I have literally not had an upper respiratory infection in like two years thanks to work from home and home gym. Fuck that shit. I used to get sick every 4 months like clockwork. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633715) |
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Date: May 3rd, 2024 11:54 PM Author: mentally impaired offensive azn parlour (Wheezy Jew) (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633720) |
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Date: May 3rd, 2024 11:25 PM Author: emerald roommate cruise ship ellipticals are tedious and gay (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633675) |
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Date: May 3rd, 2024 11:31 PM Author: slimy deer antler It really feels like you're not getting how disruptive this is (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633685) |
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Date: May 3rd, 2024 11:38 PM Author: mischievous unholy step-uncle's house sound barrier Going to a gym with proles is super prole. I have a Pelton, a water rower and $7k of fancy weight machines in my house and an off brand treadmill. Home gym for the win. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633696) |
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Date: May 3rd, 2024 11:31 PM Author: emerald roommate cruise ship main issue with peloton IMHO is it's so expensive. even if you're a SUBSCRIPTIONPIG into SMART/app-enabled shit, for about the price of one Pelton "bike+" you can get a smart rower (Ergatta lite), app-enabled starter weight set (Tempo Move), and punching bag with app-enabled smart trackers (FightCamp). does Peloton's stationary bike provide a better value than a weight set, rowing machine, and punching bag, all with APP? Seems fucking dubious. Of course, if you're making 400,000K, do whatever I guess, but otherwise it's just not a good value. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633683) |
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Date: May 3rd, 2024 11:36 PM Author: mischievous unholy step-uncle's house sound barrier Their target market is exactly those people making 400k a year and more. I have a $5k espresso machine to go with my $1k exercise bike. I’m so rich I honestly don’t even remember what I paid for the freakin thing. I also have the water rower from House of Cards. I bought the thing before anything came with apps and a screen. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633693) |
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Date: May 3rd, 2024 11:40 PM Author: emerald roommate cruise ship ya ya i know.
btw you know you can upgrade the waterrower to an ergatta right? https://ergatta.com/products/upgrade-package |
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Date: May 3rd, 2024 11:47 PM Author: mischievous unholy step-uncle's house sound barrier I don’t need the screen. The Peleton subscription is strictly for the wife. I use the rower but all I need is some ear buds playing a Warhammer audiobook to get me to row to victory for the emperor. I do it for the Master of All Mankind. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633712) |
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Date: May 3rd, 2024 11:39 PM Author: mischievous unholy step-uncle's house sound barrier TBF they have bifurcated products for poors. If you can’t afford $44 a month for the real Peloton bike with screen you can get the iPad membership for your gay ghetto bike and pay like half that. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633699) |
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Date: May 3rd, 2024 11:41 PM Author: emerald roommate cruise ship ya ya i know, i had it for a while (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633704) |
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Date: May 4th, 2024 12:10 AM Author: glassy rehab affirmative action Actually the price is fine, it’s supposed to be a luxury item. R&D isn’t cheap.
The problem is they didn’t adequately anticipate that after Covid people would return back to the gym. Instead of spending all of those marketing dollars on retail stores that are basically redundant with online sales in this day and age, what they should have done is created a franchise model similar to SoulCycle or Row House to encourage people to go and take classes in person with an actual instructor while remaining within the Peloton ecosystem. That would’ve driven subscribers by bringing in new and existing members and a bike at home would be seen as aspirational. It would also be a source of revenues for Peloton.
Alas, classic dipshit boomer mismanagement led to the current situation. |
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Date: May 4th, 2024 12:16 AM Author: emerald roommate cruise ship respectfully disagree on the price (EVEN within the luxury home gym equipment tier it's absurdly marked up - like buying a RAM upgrade from Apple. worst is the Peloton Row) but crrrrr biz analysis on a cycle studio franchise being a much better build-out than retail stores. their target market of shrews and gays loves going into tiny studio gyms in the retail spaces underneath overpriced luxury apartments and getting their fitness on. crazy that a lunatic anti-semite poaster can do biz strategy better than the actual Peloton CEO (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633752) |
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Date: May 4th, 2024 12:29 AM Author: glassy rehab affirmative action No better endorsement for this 86 iq Arab than one from a high iq ashkenazi, thank you kike.
Yeah the price is a little high but that matters for signaling. A big fuck up was bringing shipping and logistics in house, they 1) not only couldn’t keep up with demand during Covid and delayed or fucked up shipping bigly (not a great look considering their prices), they 2) could’ve saved millions and billions by outsourcing that shit to a 3pl company that specializes in that shit. Even a $200 decrease in price would’ve been 180 at that time. They did eventually do some version of this but classic too little too late boomer mismanagement |
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Date: May 3rd, 2024 11:33 PM Author: mischievous unholy step-uncle's house sound barrier They have 3 freakin million customers. It’s still a wildly insanely successful business. 3 million suckers pay them $44 a month. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633689) |
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Date: May 3rd, 2024 11:39 PM Author: emerald roommate cruise ship $132 million/month is a rounding error. apple makes more than that just in fart app commissions (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633697) |
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Date: May 3rd, 2024 11:41 PM Author: mischievous unholy step-uncle's house sound barrier Cool story, bro. Apple is a front for the NSA spying on you in a sexy way. Peleton is there to give your wife a slightly sexier ass. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633703) |
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Date: May 3rd, 2024 11:54 PM Author: Vermilion theater associate They took all the PE money during Covid because they thought they could continue that growth model forever lol
Instead they are just one of a billion good companies turned to ABSOLUTE SHIT by taking PE money and going public. They could have stayed profitable and thriving if they stayed private and only did spin classes with a small staff in NYC. |
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Date: May 3rd, 2024 11:55 PM Author: mischievous unholy step-uncle's house sound barrier Hint: they aren’t going anywhere with a 3 million customer base and the PE fools got robbed. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633721) |
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Date: May 3rd, 2024 11:56 PM Author: slimy deer antler Oh wow, a business that's losing money must be here to stay so long as there's THREE MILLION CUSTOMERS (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633723) |
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Date: May 4th, 2024 12:06 AM Author: emerald roommate cruise ship AOL had way more than 3 million customers at one point lol (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47633737) |
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Date: May 4th, 2024 8:19 AM Author: mischievous unholy step-uncle's house sound barrier Don’t they still exist? (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47634023) |
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Date: May 4th, 2024 1:27 PM Author: mischievous unholy step-uncle's house sound barrier AOL still has 1.5 million subscribers. (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47634811) |
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Date: May 4th, 2024 3:24 PM Author: emerald roommate cruise ship totally viable biz which ISN'T | GOING | ANYWHERE (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47635026) |
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Date: May 4th, 2024 9:43 AM Author: Internet-worthy church building lol at all the keyboard warriors laughing at PE running businesses into the ground. businesses fail all the time - it's a war out there. overall track record is still awfully good (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47634166) |
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Date: May 4th, 2024 9:59 AM Author: thirsty chest-beating international law enforcement agency stead the scotsman cries out as he etc etc (http://www.autoadmit.com/thread.php?thread_id=5524776&forum_id=2#47634206) |
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Date: May 4th, 2024 4:35 PM Author: Stimulating mahogany church 44/mo greedy pigs deserved to get butchered
I remember when coke was 5 cents back in the day |