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Peloton Interactive, Inc. (PTON) Stock Plunging in Aftermarket, Here’s the Reason

Peloton Interactive, Inc. (PTON), a company providing interactive fitness products in North America and internationally, has plummeted 30.16% in aftermarket trading session and consequently, was trading at $60.10 at the time of the writing. The decline could be attributed to the company’s announcement of relatively abysmal 1st quarter 2022 financial results. On Thursday, PTON closed the day at $86.06 after declining 4.27% during the mid-day session.

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Why PTON Dipping?

In the late hours of Thursday, PTON reported the financial results for the first quarter of the fiscal year 2022. The quarter ended on 30th September 2021. The company had cash and cash equivalents of $612.6 million on 30th September. The company generated total revenue of $805.2 million during the quarter against $757.9 million during the same period of 2020. The total operating expenses for the period were $622.4 million against $259.8 million for the same period of 2020. The company suffered a net loss of $376 million (net loss of $1.25 per basic and diluted share) during the quarter against the net income of $69.3 million (net income of $0.24 and $0.20 per basic and diluted share respectively) for the same period of 2020.

Release of First ESG Report

On 25th October, PTON released its first Environmental, Social and Governance (ESG) report. The report covered the 2021 fiscal year and besides, the progress made as compared to previous years. The report also highlighted the company’s dedication to its external and internal communities. It offered insights into the company’s values and business and how ESG objectives could get guidance.


On 18th October, PTON and Beyoncé, the most nominated female artist in Grammy’s history, announced the newest instalment of Peloton x Beyoncé Artist Series which launched on October 19th. The company said that it would be its most expensive artist series to date. The artist series was to offer 72 hours of powerful content. The content was to be distributed in 17 classes over three days with the content streamed globally from Peloton Studios New York and the new Peloton Studios London.

Future Outlook

During the last three months, PTON has declined more than 20%, but during recent weeks, a gradual bullish trend has started setting in for the stock. The analysts believe that the company is in a position to build upon its recent performance in the coming days. So, potential investors should keep a close eye on PTON stock.

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