Peloton uses technology and design to connect the world through fitness, empowering people to be the best version of themselves.
Peloton is an American exercise equipment and media company that was founded in 2012 and launched with help from a Kickstarter funding campaign in 2013. The company is based in New York, New York. Its main product is a stationary bicycle that allows users to remotely participate in spinning classes that are streamed from the company’s fitness studio and are paid for through a monthly subscription service.
Fitness classes and subscriptions
Peloton sales and subscriber growth fell in Q4 2023 as expected, due to a traditional Q4 slowdown and a recall that affected 2 million bikes.
Peloton is one of the few companies that massively benefitted from the unprecedented global health crisis that forced many to stay home.
The investor letter came as the Peloton CEO celebrated his first-year anniversary at the company.