(Reuters) -Peloton Interactive has raised its forecast for 2025 on Thursday, an increase in subscriptions in educational videos to make up for the slowdown in exercise equipment.
Peloton, which made equipment such as biking bikes and mill, was greeting away from devices to the transition to the first software company.
Its strategy includes the transformation that promotes the growth of subscribers to direct exercise content and its monitoring to accompany its products. It also focused on strengthening the B2B portfolio by attracting more well -being customers to companies to provide the fitness company and services in the workplace.
This quarter represents the result of the first profits with the new CEO Peter Stern at the head. Sterin, who was previously responsible for the Ford -led digital services, as well as Apple and fitness+ fittings, was assigned to sweloton.
The company now expects 2025 revenues ranging between 2.46 billion dollars and 2.47 billion dollars, which reflects an increase of $ 7.5 million in the middle of its previous forecasts.
It also increased the minimum of its expectations for the entire year of the connected fitness subscriptions to 2.77 to 2.79 million, from 2.75 million previously. However, this still reflects a 7 % annual decrease.
It expects 2025 average profits average in a range of $ 330 million to $ 350 million, compared to previous expectations of $ 300 million to $ 350 million.
For the third quarter ending on March 31, the company informed a loss per share 12 cents, smaller than the loss of 45 cents last year.
I reported revenues of $ 624 million, a decrease of 13 %, but higher than the 621.3 million street estimates, according to the data collected by LSEG.
(Participated in Ishwarya Jain in Bangaluru; edited by Bouja Disai)
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