Peloton Tumbles as Wall Street Seeks Signs of Path to Profit
- Fitness company says quarterly loss narrowed to $49.8 million
- About 52,000 subscribers in quarter raised total to 563,000
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Peloton Interactive Inc. tumbled after frustrating investors with a focus on growth rather than profitability.
“For us, profitability is a managed outcome,” Chief Executive Officer John Foley said on a call with analysts. “I believe if we pulled back on growth, we could be profitable tomorrow, but that is not what the board and the leadership of Peloton believes we should do.”