Peloton facing 'uncertain' future as share price plummets

'If we're not failing, we're not being aggressive enough,' says CEO

Peloton exercise bike
(Image credit: Getty Images)

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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Tom Davidson
Senior News Writer

Tom joined Cycling Weekly as a news and features writer in the summer of 2022, having previously contributed as a freelancer. He is the host of The TT Podcast, which covers both the men's and women's pelotons and has featured a number of prominent British riders. 

An enthusiastic cyclist himself, Tom likes it most when the road goes uphill and actively seeks out double-figure gradients on his rides. 

He's also fluent in French and Spanish and holds a master's degree in International Journalism.