Peloton is reportedly looking to sublease 100,000 square feet of their New York City headquarters in Hudson Commons.
The One Peloton Club is now open to the entire continental United States and is accessible online.
An investor presentation indicates that Peloton are more publicly positioning themselves as a software company rather than a hardware company.
Peloton classes have a live studio audience for the first time in more than two years. This will be taking place on Fridays for the next few months.
Peloton has announced that they will host “Preview Days” for members at PSNY & PSL on Fridays in June and July before the grand reopening of both studios.
Peloton has announced the hiring of a new Chief Financial Officer. Liz Coddington will replace Jill Woodworth, who has served in the role since 2018.
Peloton posted today to expect studio closures and less live classes in June as “we get ready to open PSNY and PSL to Members this summer.” Live classes are cancelled June 6-8, June 13-14 and more.
Reminder: Peloton has announced a price increase for the All-Access membership that will go into effect on Wednesday, June 1, 2022 for members in the US & Canada.
Peloton will be opening the New York studios to journalists and other special guests on June 10th, 2022 with 6 classes with a studio audience.
Peloton has released their Q3 2022 earnings. They reported larger losses than mosts analysts had expected. Peloton’s CEO Barry McCarthy tried to lay out his vision for how to improve going forward.
Peloton is launching a brand new ad campaign that focuses on their instructors called “Motivation that Moves You”, featuring Rad Lopez, Cody Rigsby, Jess Sims, and Adrian Williams.
The Wall Street Journal is reporting that Peloton is seeking a sizable new investor who could take a 15%-20% stake in the company.