All Peloton articles – Page 6
-
News briefs
Peloton wins fees in a sordid patent case
A U.S. court has awarded $4,299,163 to Peloton Interactive to cover attorneys’ fees and other expenses it incurred in a sordid patent infringement suit brought in 2016 by VR Optics. The whole thing started when Peloton hired the Villency Design Group (VDG) in 2012 to design its well-known interactive stationary ...
-
News briefs
Peloton completes the acquisition of Precor
Peloton Interactive has completed its acquisition of Precor, the American producer of fitness equipment that was part of Amer Sports until the Anta-led consortium agreed to divest it last December for a price of $420 million in cash, with adjustments for working capital, transaction expenses, cash and debt. In announcing ...
-
ArticleSporting goods industry stocks rose by 10.9% in Q1 2021
Confirming the resilience of our industry, the average stock market value of 38 selected public companies in the sporting goods sector advanced by 10.9 percent in the first three months of 2021. Comparatively, the main stock indices grew by only between 2.4 percent and 8.5 percent over the period.
-
News briefs
Peloton makes new acquisitions, moves into Australia
Peloton has announced the completion of three new acquisitions: Aiquido, a company that has developed an AI-power digital voice assistant; Atlas Wearables, a producer of fitness-centered smartwatches; and Otari, the developer of an interactive workout mat with an attached LCD screen. In another new initiative, it announced earlier this month ...
-
News briefs
New video series by Adidas shares empowering stories from women
Adidas has already indicated that it is focusing on women in many different ways as part of its new strategic development program. An all-new video series by Adidas, titled “Taking 5,” features the stories of women in sports who share their personal insights and encourage more women to trust in ...
-
News briefs
Peloton reveals a child's death in a treadmill-related accident
Peloton Interactive revealed on its website that a child was killed in an accident involving its Tread+ treadmill. The company reiterated a safety warning about the potential risks for children from accidents involving treadmills after a child was killed in a “tragic accident” involving the firm’s exercise equipment. Just ...
-
News briefsAdidas and Peloton collaborate on apparel
As expected, Adidas has announced the launch of a line of apparel with Peloton on March 25. The Adidas x Peloton spring/summer 2021 collection – designed in collaboration with the Peloton instructors Ally Love, Robin Arzón and Cody Rigsby – is made of tank-tops, tights, shorts, hoodies, T-shirts, crewnecks, sports ...
-
News briefs
Peloton wants Mad Dogg’s Spinning trademarks cancelled
Complaining that Mad Dogg Athletics has been “abusively enforcing” the trademarks it registered in the U.S. for Spin and Spinning, Peloton has asked the Trademark and Appeal Board of the U.S. Patent & Trademark Office (USPTO) to cancel them. Peloton argues that the terms are generic and complains that Mad ...
-
News briefs
Peloton has quickly completed a $1.0 billion bond issue
Peloton Interactive has obtained all the extra funds it wanted. The fast-growing connected fitness company has announced the completion of a convertible bond offer that is generating gross proceeds of $1.0 billion, including an over-allotment option for $125.0 million, which has been exercised faster than planned. The net proceeds of ...
-
Article
Peloton jumps further, plans a bond issue of up to $1 billion
After reporting on another profitable quarter in which its revenues topped the $1 billion threshold, Peloton Interactive announced the launch of a convertible bond issue that may total $1 billion through a private placement intended to reduce any dilution of the shareholders’ current holdings. It will consist of an initial ...
-
Infographics & DataRanking - Global stock market performers 2020
This exclusive chart shows the ranking of the largest listed sporting goods companies in 2020 by market capitalization. The chart can be downloaded in JPG, PNG or PDF format. This is exclusive data for Premium Members.
-
ArticlePeloton prepares to acquire Precor
Peloton Interactive has entered into an agreement to acquire Precor, the American producer of fitness equipment products, for $420 million. Precor, which last reported a turnover of close to $450 million in 2018, is a unit of Amer Sports, which has been taken over by a consortium that includes Anta ...
-
News briefs
Peloton faces yet another patent infringement lawsuit
Mad Dogg Athletics (MDA), which claims to have pioneered indoor bike spinning in the 1990s, has filed a lawsuit against Peloton Interactive for allegedly infringing on two MDA patents for stationary bikes - U.S. Patent Nos. 9,694,240 (2017) and 10,137,328 (2018) - which were obtained years after Peloton started selling ...
-
News briefs
Alleging stolen advertising secrets, Peloton countersues Icon
As we already reported, Icon Health and Fitness launched a suit against Peloton Interactive last month, charging that its new and more advanced stationary bike, the Bike+ model, violates patents that the older company has held since the late 1990s. In a suit filed in Wilmington, Delaware, Peloton is now ...
-
News briefs
Peloton partners with Beyoncé
Peloton, the interactive fitness platform, has announced a new multi-year partnership with Beyoncé for the creation of a series of exercise classes “rooted in music.” Beyoncé is the most requested artist by Peloton’s global community of more than 3.6 million members, Peloton said. The pair have created themed workout classes ...
-
Article
Peloton booms
Beating analysts’ projections for an annual turnover of $3.63 billion, Peloton Interactive is projecting revenues of $3.9 billion or more for the current financial year, generating adjusted Ebitda of $300 million, after an impressive first quarter, compared with sales of $1.82 billion and adjusted Ebitda of $117.7 million in the ...
-
Infographics & DataRanking - The fastest growing sports equipment brands
This exclusive chart shows the fastest growing sports equipment brands, including Peloton, Fox Factory, Adidas, Garmin, Yeti, Johnson Health Tech, K2/Marker/Völkl, Callaway, Peak Achievement Athletics, Scott Sports. Ranking by %-growth vs last year. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
-
Article
Defying Apple, Peloton sees itself as the fitness industry’s Netflix
At an investor day held after the release of exceptionally strong financial results, Peloton Interactive said it felt that it could hold its own against competitors like Apple with its subscription-based model and its vertical integration to deliver a total fitness experience, creating a global community of consumers who want ...
-
Article
Peloton posts its first profit
Boosted by the home fitness trend spurred by the coronavirus pandemic, Peloton Interactive, the American online-driven supplier of stationary bikes and treadmills founded in 2012, recorded its first profit in the fourth quarter of its latest financial year, ended on June 30, as its revenues jumped by 172 percent to ...
-
News briefs
Peloton sets up a health advisory council
Peloton has established a Health and Wellness Advisory Council to find ways to foster the “physical, mental and emotional wellbeing” of its subscribers worldwide. The council’s five members are doctors, researchers and other specialists in cardiovascular medicine, cardiopulmonary exercise, neurology and neuroscience. According to the company’s president, William Lynch, Peloton’s ...
