Peloton reported a $1.2 billion loss in its Q4 2022 earnings, sending its stock plummeting 13 percent. Despite predicting further losses, CEO Barry McCarthy says that the company’s restructuring plan is on track for success.
Peloton is partnering with Amazon to sell its original Bike, its Guide strength training system, and apparel. Buyers will be able to choose whether they want to self-assemble the products or have an expert put things together. Both options are free.
In an interview with Bloomberg, Peloton CEO Barry McCarthy noted the company is redesigning its bikes so they can be self-assembled. The rower may also make an appearance this holiday season.