The Latest Breaking News from Peloton Interactive Inc.

Peloton Interactive Inc (NASDAQ:PTON) reported a third-quarter FY22 sales decline of 24% year-on-year to $964.3 million, missing the consensus of $972.88 million. Ending digital subscriptions rose 10% Y/Y to 0.976 million, and ending connected fitness subscriptions grew 42% to 2.962 million. The gross profit fell 59% Y/Y to $184.2 million and the gross…

Just Eat Takeaway.com NV (OTC:JTKWY) weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion. Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across its key markets, Bloomberg reports. CEO Jitse Groen saw the business as…