Peloton Interactive, Inc. (PTON) provides a connected, technology-enabled interactive fitness platform. The company offers services like instructor-led boutique classes for its customers. Also, its product portfolio includes Peloton Bike, Peloton Bike+, Tread and Tread+, bike mat, heart rate monitor, and dumbbells.
PTON was among the biggest winners during the height of the COVID-19 pandemic. The company’s home exercise equipment and subscription-based fitness classes were a huge hit as its subscribers grew from 700,000 to nearly 3 million during that period. However, the stock lost its sheen with the end of lockdown restrictions and rapid vaccinations.
