Peloton financials show decline for at-home fitness

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Peloton financials show decline for at-home fitness
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Few benefited from the at-home fitness phenomenon ushered in by the pandemic like Peloton.

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If the boom times taper off might be a key indicator of whether the colossal workout economy underwent a permanent shift.Peloton’s connected fitness subscribers — people who own a bike and pay a monthly fee for classes — jumped to 2.3 million.For the first time since the pandemic, the number of users added during the quarter slowed.worked out less: an average of 20 times per month last quarter — a drop-off from the same time a year ago , when people were more likely to be stuck at home.

“The past year represented an inflection point for the connected fitness industry, with significant increases in awareness and demand,” CEO John Foley said in a release.

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