Shares of Peloton (PTON 0.71%) dropped like a rock on Thursday after the company reported financial results for the fiscal second quarter of 2024. Not only is the company not growing subscribers as investors hoped, but free cash flow is further off than expected.
In this video, Travis Hoium shows why the results were so concerning.
*Stock prices used were end-of-day prices of Feb. 1, 2024. The video was published on Feb. 1, 2024.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Amazon, Lululemon Athletica, and Peloton Interactive. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
