$112.4-146.1k
Wellness and fitness services
Job no longer available
Wellness and fitness services
1001+ employees
Job no longer available
$112.4-146.1k
1001+ employees
Peloton's mission is to connect the world through fitness, empowering people to be the best version of themselves anywhere, anytime.
Peloton has transformed the fitness market by bringing spin classes into the home. Its product gives you the motivation of having a personal trainer combined with the ease of exercising at home.
It has grown dramatically since launching in 2012, with around 6M subscribers for access to their classes. As well as producing all the hardware itself, it also benefits from network effects. This gives Peloton a strong competitive moat as it scales.
Along with its signature bikes, Peloton has broadened its range to include treadmills, guides, apps, accessories and clothing. Having performed incredibly well over the last few years, the company is now seeing a slow decline in demand, announcing that its total annual revenue for 2023 fell 6%. Peloton is planning to reduce its capital expenditure and is attempting to harness business clients' corporate wellness spending to address this going forward.
Freddie
Company Specialist
-11% employee growth in 12 months
Aug 2018
$578.9m
May 2017
$342.1m
Hell's Kitchen, New York, NY
Founders
Tom Cortese
(Co-Founder & Advisor)Previously VP of Product Management at Pronto.com where he worked with John.
Barry McCarthy
(CEO & President, not founder)Previously served as CFO and Global Head of Free Business for Spotify and as a Venture Partner for Technology Crossover Ventures.
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