Peloton reports third quarter earnings with strong numbers and record high delivery times
If you’re lucky, your Peloton bike could arrive just in time for Christmas… of next year. In the third quarter of 2020, Peloton reported strong revenue growth, subscriber growth and record delivery wait times.
Peloton popularized at-home spin classes through their premium exercise bikes. Using a screen attached to the bike, bikers can join a virtual spin-class with a Peloton subscription. First launched in 2012 through a Kickstarter campaign, the company has since grown into a $36b giant.