Peloton is making progress, growing revenue by 1% year over year. We’ve got a lot of work going on with R&D,” CEO says. “The stuff will come in the existing modalities first. We feel great about not just our present, but also the future of the company.”
Peloton Interactive Inc. overhauled its hardware lineup and raised prices, some of the first major moves under new management aimed at lifting the company out of a multi-year slump. The stock fell 8%.
Peloton is planning its biggest product upgrades in years, a bid to rejuvenate sales with refreshed hardware, new accessories and artificial intelligence. Scoop from @HeySamantha