15.9 C
May 26, 2024
CNBC videos

The Rise Of Peloton

With an inspiring story, robust team of instructors and a hyper-engaged community, Peloton became a household name during the pandemic. Peloton’s stock surged more than 500 percent by December 23rd 2020, quickly boosting a small startup into mega cap status in less than a year.

But as the economy reopens, gyms and in person studios are also attracting people to work out outside of the home. Competition of the at-home fitness space has also increased with companies like Tonal, Hydrow, Lululemon’s Mirror and Apple offering their own fitness equipment to customers.

In early November 2021, Peloton reported disappointing first quarter results that missed on earnings, revenue projections and full-year guidance. It showed slowing demand for its products and an anticipated increase in marketing spend. Can Peloton continue to be a dominate player in the at-home fitness space?

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN


The Rise Of Peloton

Related posts

Why the U.S. is now obsessed with soybeans #Shorts


Where Tornado Alley Is Expanding


The Evolution Of Tesla | CNBC Marathon


2022 © TheCompanies *All rights reserved

Pin It on Pinterest

Share This