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Peloton isn't profitable as a subscription business, but it looks different as a media company.
The at-home fitness company announced on Tuesday that it will reduce the cost of its most popular spin bike by $350 “to make it more accessible to more people,” according to an email from Peloton.
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The first Peloton bike is currently on sale for $1,895, while its new Bike+ (now with a new rotating screen) costs $2,495. A Peloton membership also costs $12.99 per month. A Peloton membership ...
According to a press release from Peloton, the in-club retail price is expected to be $1,999 for a self-assembly Peloton+ or $2,199 at Costco.com, with delivery included. ... monthly subscription ...
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August 15, 2022 at 4:09 PM
Peloton told employees it is slashing some 780 jobs, closing a number of stores and hiking prices on some equipment in a bid to cut costs and become profitable. Peloton to slash 780 jobs and hike ...