Peloton records losses of $1.2 billion, a day after announcing agreement to sell products on Amazon US

The fitness company's share price fell by 15 per cent for the fourth quarter of the financial year

Peloton
(Image credit: Getty)

Peloton Interactive Inc reported a $1.2 billion loss on Thursday, sending shares plummeting by 15 per cent as it records its sixth consecutive quarter of reported losses. 

These losses are reported just a day after shares rose 20 per cent, as Peloton announced it would be selling products through Amazon US for the first time. The Peloton exercise bike costing $1,445 is available, as is the Peloton Guide, for $295.

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