LeadershipThe company continues to operate without a permanent CEO, which is seen as critical for setting long term strategy and achieving sustainable earnings.
Market DemandA continued muted demand environment for the category and dynamics around the company’s go-to-market strategy driving near-term subscriber headwinds, with limited visibility around a return to growth.
RevenuePeloton continues to see decelerating new user growth and higher churn, leading to lower-than-expected revenue guidance.