馃敼 Revenue: $673.9M (Est. $651.77M) 馃煝
馃敼 EPS: ($0.24) (Est. ($0.20)) 馃敶
馃敼 Gross Margin: 47.2% (Est. 47.19%)
Guidance:
馃敻 Q3'25 Revenue: $605M - $625M (Est. $652.5M) 馃槙
馃敻 FY25 Revenue: $2.43B - $2.48B (Est. $2.47B)馃槙
馃敻 FY25 Adjusted EBITDA: $300M - $350M (RAISED from $240M - $290M) 馃煝
馃敻 FY25 Free Cash Flow: At least $200M (RAISED from $125M) 馃煝
Segment Revenue:
馃敼 Connected Fitness Products: $253.4M; DOWN -21% YoY
馃敼 Subscription Revenue: $420.6M; DOWN -1% YoY
Operational Metrics:
馃敼 Total Members: 6.2M; DOWN -4% YoY
馃敼 Paid Connected Fitness Subscriptions: 2.88M; DOWN -4% YoY
馃敼 Paid App Subscriptions: 579K; DOWN -19% YoY
馃敼 Average Monthly Churn: 1.4% (DOWN 50 bps QoQ)
Financial Performance:
馃敼 SG&A: $638M; DOWN -25% YoY
馃敼 Operating Loss: $45.9M (Improved by $141.2M YoY)
馃敼 Adjusted EBITDA: $58.4M (UP $140.1M YoY)
馃敼 Free Cash Flow: $106M (UP $143.2M YoY)
Key Updates:
馃敼 Stronger Engagement: 2M+ users completed Strength workouts
馃敼 Improved Hardware Margins: First double-digit Connected Fitness Products margin (12.9%) in 3 years
馃敼 Retail Expansion: Costco partnership outperformed all other third-party retail channels
馃敼 Debt Reduction: Net debt down 30% YoY
CEO: "We are sharpening execution on product innovation, customer engagement, and cost optimization to drive sustainable growth."