Peloton Surges in Subscriber Base

Peloton reported it’s earnings today and smashed it. Wall Street loved it sending its stock up 5% in after-hours. Take a look at this highlight below!

For starters, Peloton added an insane 1.1 million users to its digital fitness platform from March 16 to April 30, amid a free trial promotion. The thinking here is that Peloton could convert these free trials into paying memberships, and eventually into a bike or tread.

The fact that I have at least 5 friends who just recently purchase the bike in the last two weeks alone makes me think that Peloton can even go higher and maybe, just maybe, they’ll release their rumored rower or just buy Hydrow. I hoping for the latter as I already love my rower so much and I think that Peloton’s digital base and software will only make the Hydrow experience that much better; as long as they keep the current athletes.

Note: I have a small position in $PTON and am going to hold onto it for a few months.

Update: Wall Street is loving it and Peloton (use my referral code for $100 off: QZGJZA) is up 10% after hours and I think we’ll continue to see a more money flooding into Peloton with their respective less expensive at-home competitors rising as well. At the same time, I’m seeing publicly traded gyms / membership workout services continue to tumble.

Hydrow Campaign Has Started!

Don't get me wrong, I've always wanted a Peloton bike and enjoy their services when I'm at various hotels but rowing has always been up there as my go to if an ergometer is available. I rowed for a year at UCSD but it was some of the funnest times and the most awesome competitive sport that I have been a part of. Hydrow looks to grow the company with their Indiegogo campaign and seems to me an easy acquisition target for Peloton.

update: They are almost up to $1M in funds raised! Let’s get them over that hump!