Curt Nagle's questions to Peloton Interactive Inc (PTON) leadership • Q1 2025
Question
On behalf of Curt Nagle, a question was asked about the outlook for subscriber churn for the remainder of the fiscal year, following a seasonally high period.
Answer
CFO Liz Coddington explained that while Q2 churn is expected to improve seasonally, it will likely remain higher year-over-year due to a mix shift towards secondary market subscribers. She reiterated that full-year FY25 churn is expected to stay below 2% and noted that current guidance does not yet factor in potential retention benefits from new software innovations.