Peloton's public S-1 shows revenue of $915M in fiscal 2019, up 110% YoY, and an annualized subscriber growth of ~144% over the past 3 years, to 511K this June
Peloton's subscription biz has ~43% gross margins, lower than the ~75% SaaS companies typically see. Obv not an enterprise play, but cost of running subscription biz is not as cheap (mostly content costs). https://www.sec.gov/... https://twitter.com/...
Peloton is the single biggest innovation in fitness since Crossfit in early '00s, sparking off the recent fitness tech boom (Tonal, Mirror etc). (No, Soulcycle is not fundamentally different fm Crossfit - similar group classes) Good thread on Peloton's S-1 by @tanayj https://twit…
Incredible metrics in Peloton's S-1 filing • $915M in revenue (20% recurring) growing 110% per year • ~40% gross margins on the hardware which basically offsets acquisition cost (net CAC was $5 last year) • 95% 12 mo subscriber retention and subscriber LTV of $3500 🤯