Peloton Losing Money

Peloton, the maker internet connected exercise bikes saw big loses in its revenue as the popularity enjoyed during the covid pandemic begins to fade.

Peleton’s revenue dropped by 24% compared to last year. Losses in the in the January to March period were $757m which was up $8.6m the same period in 2021. Shares in Peleton have also fallen out 60% this year.

Peleton claims to have around 7 million members.

For more information see https://www.bbc.co.uk/news/business-61398999