Motley Fool Money Peloton's Turning Point?
Feb 1, 2023
Asit Sharma, a Motley Fool analyst, dives into Peloton's recent revenue surge, hinting at a possible turnaround strategy for the beleaguered fitness company. He also discusses Snap's ongoing financial troubles amidst a challenging ad market. Jason Moser and Matt Frankel celebrate the 30th anniversary of exchange-traded funds (ETFs), highlighting their growth and advantages for investors. They explore the vital role ETFs play in portfolio diversification and reveal insights on navigating expenses within investment strategies.
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Peloton's Potential Turnaround
- Peloton's Q2 revenue surprised, showing a potential turning point.
- CEO Barry McCarthy focused on subscriptions, partnerships, and inventory reduction.
McCarthy's Impact on Peloton
- Peloton's stock is currently half its price from when McCarthy became CEO.
- Positive results prevented discussions of selling the company.
Snap's Disappointing Q4
- Snap's Q4 results disappointed due to lower revenue and average revenue per user.
- This reflects a broader pullback in digital ad spending, impacting companies like Google and Snap.