Peloton Q2 Beats On Sales, But JP Morgan Says Long-Term Growth Hinges On Subscriber Comeback

1. Peloton missed Q2 loss estimates but exceeded revenue expectations. 2. Analyst maintains Neutral rating; raised FY25 guidance indicates stability. 3. Digital subscriptions declined by 4k but Strength+ users increased. 4. Gross margins improved to 47.2%, surpassing market expectations. 5. Shelves faced Tread+ inventory constraints due to demand spike.