Last year was a great year for Peloton, with Covid lockdowns inspiring consumers to invest in home fitness products and services like never before. That, in turn, led to a boom in music royalties paid out by the company. That story, though, has just hit something of a speed bump – with the news that Peloton’s YoY revenue growth slowed significantly in the three months to end of September (calendar Q3).
Source: Music’s rosy fitness story hits a speedbump, as Peloton reduces annual revenue forecast