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Cycling Weekly

Sport

Tom Davidson

Peloton facing 'uncertain' future as share price plummets

Peloton Barry McCarthy

Peloton exercise bike.

Peloton is facing an “uncertain” outlook after the business posted another period of losses and its share price plummeted.

The indoor exercise bike brand released its financial report for the final three months of 2023 on Thursday, revealing a year-on-year decline in revenue from $792.7m (£627.5m) to $743.6m (£582.5m), and a net loss of $194.9m (£152.7m).

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