Although it didn’t address two big elephants in the room, buy now, pay later company Affirm rode solid advancements in its debit card and gross merchandise volume metrics to better-than-expected Q3 earnings results. In what is a continuing referendum on consumer spend this earnings season,...
Private equity firms have reportedly been considering a buyout of Peloton. At least one firm has talked with Peloton about going private, and a number of other firms have considered an acquisition but may or may not have talked with the company, CNBC reported Tuesday...
In the wake of Peloton’s restructuring efforts that come amid a decline in user engagement and a shrinking user base, the connected fitness industry finds itself at a critical juncture. While Peloton’s actions shed light on sectoral challenges and responses, a broader examination reveals deeper trends shaping the future of fitness and...
Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying off approximately 400 employees — about 15% of its global workforce — and reducing its retail showroom footprint to mitigate costs. This announcement, coinciding with its Q3 fiscal year earnings report,...
May 13, 2024
The CE 100 Index was up 1.7% through the past week, and earnings were the dominant theme across all pillars. Pay and Be Paid Pillar Leads the Pack Pillar by pillar performance was mixed. Within the Pay and Be Paid segment, which gained 7.7%, Sezzle surged 65.9%. The company’s massive rally came on the heels of first quarter earnings, which […]
April 22, 2024
The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between. The banking group eked out...
February 05, 2024
Meta dominated the CE 100 Index’s earnings-related news this week, soaring on commentary that users are engaging more often with its app. The overall index logged a 0.3% gain. Meta...
January 08, 2024
Out with the old and in with the new, as they say. For the CE 100 Index, completing its first (shortened) week of trading, the initial trading days resulted in...
May 07, 2024
Private equity firms have reportedly been considering a buyout of Peloton. At least one firm has talked with Peloton about going private, and a number of other firms have considered an acquisition but may or may not have talked with the company, CNBC reported Tuesday (May 7), citing unnamed sources. A deal may not be […]
May 02, 2024
Peloton Interactive has begun a search for a new CEO and announced that Barry McCarthy has stepped down as CEO, president and board director. Chairperson Karen Boone and Director Chris Bruzzo will serve as interim co-CEOs, while Director Jay...
April 15, 2024
Connected fitness company Peloton has stopped offering an unlimited free-membership tier that was once a key part of its growth strategy. The free tier for the company’s app was added in May...
January 04, 2024
Peloton and TikTok partnered to offer Peloton’s workout content to TikTok users in the United States, the United Kingdom and Canada. The partnership will create a new fitness hub on...
