Peloton Interactive reported fiscal year 2024 total revenue of $2.7 billion, down 3.6% year-over-year, with Connected Fitness Products revenue declining 12.2% to $991.7 million while Subscription revenue grew 2.3% to $1.7 billion. The company's net loss narrowed significantly to $551.9 million from $1.26 billion in the prior year, reflecting improved operational efficiency and cost management.The company made progress on its restructuring initiatives, reducing negative operating cash flow to $66.1 million from $387.6 million last year. In May 2024, Peloton completed a refinancing that decreased debt by approximately $200 million and extended average maturity to 2029. The company also announced a new restructuring plan targeting over $200 million in annual run-rate cost savings by the end of fiscal 2025.Looking ahead, Peloton continues to focus on stabilizing its business through strategic initiatives including expanding third-party retail distribution, enhancing the member experience with new social features, and pursuing B2B opportunities like partnerships with YMCA and Google Fitbit. The company ended the year with over 6.4 million Members and maintained strong subscription gross margins of 67.8%.

Peloton Interactive reported fiscal year 2024 total revenue of $2.7 billion, down 3.6% year-over-year, with Connected Fitness Products revenue declining 12.2% to $991.7 million while Subscription revenue grew 2.3% to $1.7 billion. The company's net loss narrowed significantly to $551.9 million from $1.26 billion in the prior year, reflecting improved operational efficiency and cost management.The company made progress on its restructuring initiatives, reducing negative operating cash flow to $66.1 million from $387.6 million last year. In May 2024, Peloton completed a refinancing that decreased debt by approximately $200 million and extended average maturity to 2029. The company also announced a new restructuring plan targeting over $200 million in annual run-rate cost savings by the end of fiscal 2025.Looking ahead, Peloton continues to focus on stabilizing its business through strategic initiatives including expanding third-party retail distribution, enhancing the member experience with new social features, and pursuing B2B opportunities like partnerships with YMCA and Google Fitbit. The company ended the year with over 6.4 million Members and maintained strong subscription gross margins of 67.8%.