Netflix Teases Peloton’s Next Problem

Peloton’s Unexpected Rise and Fall is a Netflix series waiting to happen. That may not be the only way the two tech platforms should appear together in investors’ minds.

Peloton said Tuesday morning its sales of connected fitness products for the March quarter fell 42 percent from a year earlier as the pandemic of hardware demand continued to weaken. The company reported a loss of $194 million on an adjusted basis of earnings before interest, taxes, depreciation and amortization — compared with a profit of $63 million on that basis in the same period last year. Free cash flow was negative $746.7 million, as inventory payments have outstripped demand. Netflix Teases Peloton’s Next Problem

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