Peloton Interactive Inc. shares dropped 8.3% on Friday morning after the home exercise company reported a sharp drop in revenue growth.
Telsey Advisory Group analyst Dana Telsey said subscriber growth guidance was a silver lining in a disappointing quarter. “Overall, while the forecast for an EBITDA loss in FY22, following two years of EBITDA gains in FY20 and FY21, is disappointing and comes as a surprise, the majority of the loss is expected in 1QF22 and Peloton should swing back to positive EBITDA in 2HF22,” Telsey wrote.
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