This chapter reviews Peloton interactive's second quarter earnings, highlighting an increase in revenue driven by subscription revenue and pre-core contribution, but also a decline in connected fitness product sales. The CFO reveals cost savings plans and predicts ending the year with 3 million subscribers, anticipating softer demand in the second half of fiscal 2022 due to post-COVID effects.
Featuring: Peloton, AMC, Mallinckrodt and Surprise Medical Billing legislation.
For this week’s Deep Dive, Reorg’s Mike Legge, Karen Leung and David Mayo join us to discuss the current state of play of third-party releases in bankruptcy, reviewing recent decisions in Purdue Pharma, Ascena Retail and Mallinckrodt, as well as reviewing the ongoing case of LTL Management and other “Texas two-step” bankruptcies.
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