The record industry cannot stop rising in value – not only because of the expansion of the stream, but also because music plays an important role in industries such as video games and home appliances.
There is no brand of homeownership worth more than Peloton, which has been paid to music rights owners. $ 35 million Throughout 2020.
Last year was a good year for Peloton, prompting consumers to invest more in home fitness products and services than ever before.
This boosted the company’s music value.
But this story has come at a slower pace – with Peloton Joy’s revenue declining sharply from three months to the end of September (calendar Q3).
According to a recent offer from the company Results For fiscal Q1 2022 (Calendar Q3 2021), Peloton earned a total of $ 805.2 million in the quarter.
That represents $ 65.2 million, or $ 47.3 million, compared to $ 755.9 million in the first quarter of the fiscal year.
Exercise’s massive 6% growth saw Peloton’s revenue fall sharply compared to the previous quarter. It was hit by a 232% Yoe Rocket To hit that $ 757.9 million figure.
The company’s revenue of $ 805.2 million in fiscal Q1, up 6% Yoe, was real Down 14% compared to the previous quarter (Fiscal Q4, but Calendar Q2), while the company earned $ 936.9 million (see below).
The company has revised its 2022 fiscal year guidelines as Peloton told shareholders that “Q2’s start-up is smoother than expected and challenges our visibility in the near future.”
The organization Previous prediction The 2022 budget has a total revenue of $ 5.4 billion, but has now dropped that figure to $ 4.4 billion and $ 4.8 billion.
Peloton’s overall profit margin was previously 34% for 2022, but has now been updated to about 32%.
“As we reduce our latest forecast, our confidence and commitment to our strategy has not changed.”
Peloton wrote in a letter to shareholders: “As we discussed last quarter, we expected the 2022 budget to be a very challenging year to anticipate, compared to a year ago, uncertainty between reopening economies and widely reported supply chain constraints. And commodity price pressures.
“While we are pleased to see our first quarter results slightly above our target, we are looking forward to a better-looking fiscal year for Q2 start-ups and recent performance.
“As we reduce our latest forecast, our confidence and commitment to our strategy has not changed. Software and streaming media have redefined fitness at home and are moving fitness home, a change in consumer behavior is just beginning.
“This trend started well before the epidemic, and it is clear that over the past year and a half there has been a growing awareness of fitness.
“In conjunction with the revised demand forecasts, we will take concrete steps to re-examine the cost base and adjust our operating costs to align our investments with our revised growth forecast.”
In the meantime, the revenue from Peloton-linked fitness department – which includes contributions from it Preliminary division – $ 501 million in Calendar Q3, representing a 17% decline over the year and 62% of total revenue.
The downturn is mainly due to “the impact on our first bicycle supply, as well as the August 2021 price cut on our first bicycle, compared to last year.”
That $ 501 figure and a 17% reduction for Peloton-related fitness revenues in the same quarter of last fiscal year (calendar Q3 2020), the company spent $ 601.4 million, an increase of 274% YoY.
Elsewhere in Peloton’s latest presentation, the company reported a total profit of $ 262.7 million (32.6% of its revenue) on Q3 2021, showing a 20% decline over the previous year.
The company made a total profit of $ 60 million from the fitness sector in Q1, down 75% year-over-year.
When we take a closer look at Peloton’s performance, the total operating expenditure in Q1 is $ 622.4 million, an increase of 140% year-over-year, compared to 34.3% of the previous quarter of 77.3%.
Peloton’s sales and marketing spending was $ 284.3 million, up 148 percent over the year, up 15.1% of the previous year’s revenue of 35.3 percent.
The company also recorded a net loss of $ 69.3 million on budget Q1 (calendar Q3) and the same quarter last year.
Peloton’s declining financial outlook follows a recent spate of praise for the platform in the music industry.
Cooper specifically referred to the forums as “alternative”. Facebook (“Starting to use music in new and exciting ways over the past two years”) and Tick Talk, Peloton and Roblox for $ 235 million.
In May, Sony Music Band Chairman Rob Stringer Revealed Collaborating with the three social, sporting and fitness sectors – such as Peloton, FortNit, etc. Sony Music It generated nearly $ 400 million in revenue last fiscal year.
He added at the time that he expects these revenue streams to “become a more material part of our revenue base.”
According to Peloton’s 2021 report, On June 30, 2021, the company owned more than 2.6 million songs under license, representing “one of the largest audiovisual connected music catalogs in the world.”
In recent months, the platform has included music. Multi-year partnership With Beyoncé Music Festival , And Elvis Presley hits series remixes, which Peloton says They were later taken over by a broad commercial release Sony Music‘.
In addition, Peloten and the trade association have entered into a “joint venture agreement” to work together to “further facilitate” Peloton’s music licensing systems and processes.Music business around the world