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Peloton (PTON) Soars Amid Mobile App Future | #shorts

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Peloton (PTON) stock price today is up over 26%, but still down 38% from one year ago. Peloton (PTON) released their earnings report this morning that showed the overall gross margin for the company was 29.7% that they made on their subscription business at a margin of 67%. Peloton (PTON) CEO told investors that he did not care that the fitness company is losing money on its bike, tread, and row equipment as the business' future is the mobile app.

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