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Peloton's Surprising Holiday Comeback!
Peloton faced some challenges this quarter, but their holiday sales surprised everyone, thanks in part to a strategic partnership with Costco! Despite reporting a loss, the company efficiently slashed costs in marketing, administration, and R&D, allowing them to exceed adjusted EBITDA forecasts by hitting $58.4 million—more than double what analysts expected! While sales dipped, Peloton's high-margin subscription business thrived, showcasing resilience. New CEO Peter Stern is laser-focused on cutting expenses and elevating the member experience. Even though next quarter’s sales projections are lower, Peloton’s cash flow outlook remains strong. Dive into the details of Peloton’s remarkable turnaround!
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