Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":13268,"date":"2022-08-26T15:14:40","date_gmt":"2022-08-26T15:14:40","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/26\/peloton-ceo-thinks-losing-1-2-billion-is-a-sign-of-substantial-progress\/"},"modified":"2022-08-26T15:14:41","modified_gmt":"2022-08-26T15:14:41","slug":"peloton-ceo-thinks-losing-1-2-billion-is-a-sign-of-substantial-progress","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/26\/peloton-ceo-thinks-losing-1-2-billion-is-a-sign-of-substantial-progress\/","title":{"rendered":"Peloton CEO thinks losing $1.2 billion is a sign of \u2018substantial progress\u2019"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/25\/23321488\/peloton-q4-earnings-barry-mccarthy-fitness<\/a>
\n
<\/br><\/code><\/p>\n

\n

Peloton\u2019s numbers don\u2019t look great. In its Q4 2022 earnings release<\/a> this morning, the company reported a $1.2 billion operating loss, a 28 percent revenue drop, a membership decline, and a monthly subscriber churn exceeding 1 percent for the first time in a long while. (Perhaps ever?) And that\u2019s just the tip of the iceberg. In a nutshell, losses were greater than both Peloton and investors had anticipated.<\/p>\n

And yet, Peloton CEO Barry McCarthy would have you believe the numbers actually paint a picture of \u201csubstantial progress\u201d and the true start of Peloton\u2019s comeback story.<\/p>\n

\u201cThe naysayers will look at our Q4 financial performance and see a melting pot of declining revenue, negative gross margin, and deeper operating losses. They will say these threaten the viability of the business,\u201d McCarthy says in his shareholder letter. But it\u2019s clear he doesn\u2019t agree. According to McCarthy, investors should be glad that a huge chunk of that $1.2 billion figure \u2014 $415 million, to be exact \u2014 is simply what it costs to get back on track.<\/p>\n

\n