WEBVTT #Elemental Media Engine(TM) 2.17.0.603328 00:00:00.567 --> 00:00:00.667 A 00:00:00.667 --> 00:00:00.734 A BUNCH 00:00:00.734 --> 00:00:00.934 A BUNCH I 00:00:00.934 --> 00:00:01.234 A BUNCH I MIGHT 00:00:01.234 --> 00:00:01.267 A BUNCH I MIGHT TAKE 00:00:01.267 --> 00:00:02.335 A BUNCH I MIGHT TAKE A 00:00:02.335 --> 00:00:03.069 A BUNCH I MIGHT TAKE A LOOK 00:00:03.069 --> 00:00:03.203 A BUNCH I MIGHT TAKE A LOOK AT 00:00:03.203 --> 00:00:03.303 A BUNCH I MIGHT TAKE A LOOK AT IT. 00:00:03.303 --> 00:00:03.503 IT. 00:00:03.503 --> 00:00:04.237 IT. >> 00:00:04.237 --> 00:00:04.504 IT. >> PELOTON 00:00:04.504 --> 00:00:04.871 IT. >> PELOTON EARNINGS 00:00:04.871 --> 00:00:05.805 IT. >> PELOTON EARNINGS ALSO 00:00:05.805 --> 00:00:05.839 IT. >> PELOTON EARNINGS ALSO OUT 00:00:05.839 --> 00:00:06.206 >> PELOTON EARNINGS ALSO OUT 00:00:06.206 --> 00:00:06.473 >> PELOTON EARNINGS ALSO OUT DIANA 00:00:06.473 --> 00:00:06.573 >> PELOTON EARNINGS ALSO OUT DIANA EHRLICH 00:00:06.573 --> 00:00:07.273 >> PELOTON EARNINGS ALSO OUT DIANA EHRLICH HAS 00:00:07.273 --> 00:00:07.640 >> PELOTON EARNINGS ALSO OUT DIANA EHRLICH HAS THEM 00:00:07.640 --> 00:00:07.774 >> PELOTON EARNINGS ALSO OUT DIANA EHRLICH HAS THEM FOR 00:00:07.774 --> 00:00:07.807 >> PELOTON EARNINGS ALSO OUT DIANA EHRLICH HAS THEM FOR US. 00:00:07.807 --> 00:00:08.174 DIANA EHRLICH HAS THEM FOR US. 00:00:08.174 --> 00:00:08.441 DIANA EHRLICH HAS THEM FOR US. >> 00:00:08.441 --> 00:00:08.675 DIANA EHRLICH HAS THEM FOR US. >> WILFRED, 00:00:08.675 --> 00:00:08.908 DIANA EHRLICH HAS THEM FOR US. >> WILFRED, A 00:00:08.908 --> 00:00:09.642 DIANA EHRLICH HAS THEM FOR US. >> WILFRED, A STRONG 00:00:09.642 --> 00:00:09.709 DIANA EHRLICH HAS THEM FOR US. >> WILFRED, A STRONG BEAT 00:00:09.709 --> 00:00:09.809 DIANA EHRLICH HAS THEM FOR US. >> WILFRED, A STRONG BEAT FOR 00:00:09.809 --> 00:00:10.143 >> WILFRED, A STRONG BEAT FOR 00:00:10.143 --> 00:00:10.343 >> WILFRED, A STRONG BEAT FOR FITNESS 00:00:10.343 --> 00:00:11.277 >> WILFRED, A STRONG BEAT FOR FITNESS STREAMING 00:00:11.277 --> 00:00:11.444 >> WILFRED, A STRONG BEAT FOR FITNESS STREAMING COMPANY 00:00:11.444 --> 00:00:11.611 FITNESS STREAMING COMPANY 00:00:11.611 --> 00:00:11.845 FITNESS STREAMING COMPANY PELOTON 00:00:11.845 --> 00:00:11.945 FITNESS STREAMING COMPANY PELOTON WITH 00:00:11.945 --> 00:00:12.345 FITNESS STREAMING COMPANY PELOTON WITH FIRST 00:00:12.345 --> 00:00:12.379 FITNESS STREAMING COMPANY PELOTON WITH FIRST QUARTER 00:00:12.379 --> 00:00:12.679 PELOTON WITH FIRST QUARTER 00:00:12.679 --> 00:00:13.046 PELOTON WITH FIRST QUARTER EARNINGS 00:00:13.046 --> 00:00:13.213 PELOTON WITH FIRST QUARTER EARNINGS COMING 00:00:13.213 --> 00:00:13.446 PELOTON WITH FIRST QUARTER EARNINGS COMING OUT 00:00:13.446 --> 00:00:13.980 PELOTON WITH FIRST QUARTER EARNINGS COMING OUT IN 00:00:13.980 --> 00:00:14.848 PELOTON WITH FIRST QUARTER EARNINGS COMING OUT IN 20 00:00:14.848 --> 00:00:15.048 PELOTON WITH FIRST QUARTER EARNINGS COMING OUT IN 20 CENTS 00:00:15.048 --> 00:00:15.815 EARNINGS COMING OUT IN 20 CENTS 00:00:15.815 --> 00:00:15.949 EARNINGS COMING OUT IN 20 CENTS A 00:00:15.949 --> 00:00:16.316 EARNINGS COMING OUT IN 20 CENTS A SHARE 00:00:16.316 --> 00:00:16.516 EARNINGS COMING OUT IN 20 CENTS A SHARE VERSUS 00:00:16.516 --> 00:00:16.549 EARNINGS COMING OUT IN 20 CENTS A SHARE VERSUS ESTIMATES 00:00:16.549 --> 00:00:19.386 EARNINGS COMING OUT IN 20 CENTS A SHARE VERSUS ESTIMATES OF 00:00:19.386 --> 00:00:19.419 EARNINGS COMING OUT IN 20 CENTS A SHARE VERSUS ESTIMATES OF 11 00:00:19.419 --> 00:00:19.586 A SHARE VERSUS ESTIMATES OF 11 00:00:19.586 --> 00:00:19.619 A SHARE VERSUS ESTIMATES OF 11 CENTS. 00:00:19.619 --> 00:00:19.886 CENTS. 00:00:19.886 --> 00:00:20.186 CENTS. REVENUES 00:00:20.186 --> 00:00:22.489 CENTS. REVENUES BEAT 00:00:22.489 --> 00:00:22.589 CENTS. REVENUES BEAT AT 00:00:22.589 --> 00:00:23.323 CENTS. REVENUES BEAT AT 758 00:00:23.323 --> 00:00:23.356 CENTS. REVENUES BEAT AT 758 MILLION 00:00:23.356 --> 00:00:23.590 REVENUES BEAT AT 758 MILLION 00:00:23.590 --> 00:00:23.757 REVENUES BEAT AT 758 MILLION CROSS 00:00:23.757 --> 00:00:25.558 REVENUES BEAT AT 758 MILLION CROSS ESTIMATES 00:00:25.558 --> 00:00:26.659 REVENUES BEAT AT 758 MILLION CROSS ESTIMATES OF 00:00:26.659 --> 00:00:26.693 REVENUES BEAT AT 758 MILLION CROSS ESTIMATES OF 748 00:00:26.693 --> 00:00:27.260 CROSS ESTIMATES OF 748 00:00:27.260 --> 00:00:27.560 CROSS ESTIMATES OF 748 UP 00:00:27.560 --> 00:00:27.861 CROSS ESTIMATES OF 748 UP ANNUALLY 00:00:27.861 --> 00:00:28.161 CROSS ESTIMATES OF 748 UP ANNUALLY THANKS 00:00:28.161 --> 00:00:28.695 CROSS ESTIMATES OF 748 UP ANNUALLY THANKS TO 00:00:28.695 --> 00:00:28.728 CROSS ESTIMATES OF 748 UP ANNUALLY THANKS TO STRONG 00:00:28.728 --> 00:00:28.895 UP ANNUALLY THANKS TO STRONG 00:00:28.895 --> 00:00:29.062 UP ANNUALLY THANKS TO STRONG DEMAND 00:00:29.062 --> 00:00:29.229 UP ANNUALLY THANKS TO STRONG DEMAND FOR 00:00:29.229 --> 00:00:29.362 UP ANNUALLY THANKS TO STRONG DEMAND FOR THE 00:00:29.362 --> 00:00:29.763 UP ANNUALLY THANKS TO STRONG DEMAND FOR THE BIKE 00:00:29.763 --> 00:00:32.332 UP ANNUALLY THANKS TO STRONG DEMAND FOR THE BIKE PLUS 00:00:32.332 --> 00:00:32.365 UP ANNUALLY THANKS TO STRONG DEMAND FOR THE BIKE PLUS WHICH 00:00:32.365 --> 00:00:32.465 DEMAND FOR THE BIKE PLUS WHICH 00:00:32.465 --> 00:00:32.499 DEMAND FOR THE BIKE PLUS WHICH HAS 00:00:32.499 --> 00:00:32.732 DEMAND FOR THE BIKE PLUS WHICH HAS A 00:00:32.732 --> 00:00:32.832 DEMAND FOR THE BIKE PLUS WHICH HAS A SWIVEL 00:00:32.832 --> 00:00:33.466 DEMAND FOR THE BIKE PLUS WHICH HAS A SWIVEL SCREEN 00:00:33.466 --> 00:00:33.733 DEMAND FOR THE BIKE PLUS WHICH HAS A SWIVEL SCREEN AND 00:00:33.733 --> 00:00:33.767 DEMAND FOR THE BIKE PLUS WHICH HAS A SWIVEL SCREEN AND ALLOWS 00:00:33.767 --> 00:00:34.034 HAS A SWIVEL SCREEN AND ALLOWS 00:00:34.034 --> 00:00:34.534 HAS A SWIVEL SCREEN AND ALLOWS THE 00:00:34.534 --> 00:00:35.368 HAS A SWIVEL SCREEN AND ALLOWS THE INSTRUCTOR 00:00:35.368 --> 00:00:35.602 HAS A SWIVEL SCREEN AND ALLOWS THE INSTRUCTOR TO 00:00:35.602 --> 00:00:35.969 HAS A SWIVEL SCREEN AND ALLOWS THE INSTRUCTOR TO CONTROL 00:00:35.969 --> 00:00:36.136 HAS A SWIVEL SCREEN AND ALLOWS THE INSTRUCTOR TO CONTROL THE 00:00:36.136 --> 00:00:36.970 THE INSTRUCTOR TO CONTROL THE 00:00:36.970 --> 00:00:37.370 THE INSTRUCTOR TO CONTROL THE BIKE 00:00:37.370 --> 00:00:37.570 THE INSTRUCTOR TO CONTROL THE BIKE DEMAND 00:00:37.570 --> 00:00:37.837 THE INSTRUCTOR TO CONTROL THE BIKE DEMAND IS 00:00:37.837 --> 00:00:38.071 THE INSTRUCTOR TO CONTROL THE BIKE DEMAND IS SO 00:00:38.071 --> 00:00:38.538 THE INSTRUCTOR TO CONTROL THE BIKE DEMAND IS SO STRONG 00:00:38.538 --> 00:00:38.705 THE INSTRUCTOR TO CONTROL THE BIKE DEMAND IS SO STRONG IT 00:00:38.705 --> 00:00:40.974 BIKE DEMAND IS SO STRONG IT 00:00:40.974 --> 00:00:43.109 BIKE DEMAND IS SO STRONG IT CREATED 00:00:43.109 --> 00:00:43.343 BIKE DEMAND IS SO STRONG IT CREATED UNEXPECTEDLY 00:00:43.343 --> 00:00:43.877 BIKE DEMAND IS SO STRONG IT CREATED UNEXPECTEDLY LOONG 00:00:43.877 --> 00:00:44.044 BIKE DEMAND IS SO STRONG IT CREATED UNEXPECTEDLY LOONG LONG 00:00:44.044 --> 00:00:44.210 CREATED UNEXPECTEDLY LOONG LONG 00:00:44.210 --> 00:00:44.544 CREATED UNEXPECTEDLY LOONG LONG WAIT 00:00:44.544 --> 00:00:44.711 CREATED UNEXPECTEDLY LOONG LONG WAIT SOMETIMES 00:00:44.711 --> 00:00:44.844 CREATED UNEXPECTEDLY LOONG LONG WAIT SOMETIMES WITH 00:00:44.844 --> 00:00:45.278 CREATED UNEXPECTEDLY LOONG LONG WAIT SOMETIMES WITH MEASURE 00:00:45.278 --> 00:00:45.311 CREATED UNEXPECTEDLY LOONG LONG WAIT SOMETIMES WITH MEASURE IS 00:00:45.311 --> 00:00:45.779 WAIT SOMETIMES WITH MEASURE IS 00:00:45.779 --> 00:00:45.812 WAIT SOMETIMES WITH MEASURE IS SERVICE. 00:00:45.812 --> 00:00:46.079 SERVICE. 00:00:46.079 --> 00:00:47.514 SERVICE. CONNECTED 00:00:47.514 --> 00:00:47.714 SERVICE. CONNECTED FITNESS 00:00:47.714 --> 00:00:47.781 SERVICE. CONNECTED FITNESS SUBSCRIBERS 00:00:47.781 --> 00:00:47.914 CONNECTED FITNESS SUBSCRIBERS 00:00:47.914 --> 00:00:47.981 CONNECTED FITNESS SUBSCRIBERS ROSE 00:00:47.981 --> 00:00:49.315 CONNECTED FITNESS SUBSCRIBERS ROSE TO 00:00:49.315 --> 00:00:49.449 CONNECTED FITNESS SUBSCRIBERS ROSE TO 1.33 00:00:49.449 --> 00:00:49.649 CONNECTED FITNESS SUBSCRIBERS ROSE TO 1.33 MILLION 00:00:49.649 --> 00:00:50.550 CONNECTED FITNESS SUBSCRIBERS ROSE TO 1.33 MILLION AND 00:00:50.550 --> 00:00:50.717 CONNECTED FITNESS SUBSCRIBERS ROSE TO 1.33 MILLION AND PAID 00:00:50.717 --> 00:00:51.885 ROSE TO 1.33 MILLION AND PAID 00:00:51.885 --> 00:00:52.085 ROSE TO 1.33 MILLION AND PAID DIGITAL 00:00:52.085 --> 00:00:53.620 ROSE TO 1.33 MILLION AND PAID DIGITAL SUBSCRIBERS 00:00:53.620 --> 00:00:53.753 ROSE TO 1.33 MILLION AND PAID DIGITAL SUBSCRIBERS UP 00:00:53.753 --> 00:00:55.021 ROSE TO 1.33 MILLION AND PAID DIGITAL SUBSCRIBERS UP 382% 00:00:55.021 --> 00:00:55.055 ROSE TO 1.33 MILLION AND PAID DIGITAL SUBSCRIBERS UP 382% YEAR 00:00:55.055 --> 00:00:55.255 DIGITAL SUBSCRIBERS UP 382% YEAR 00:00:55.255 --> 00:00:55.488 DIGITAL SUBSCRIBERS UP 382% YEAR OVER 00:00:55.488 --> 00:00:56.356 DIGITAL SUBSCRIBERS UP 382% YEAR OVER YEAR 00:00:56.356 --> 00:00:56.856 DIGITAL SUBSCRIBERS UP 382% YEAR OVER YEAR TO 00:00:56.856 --> 00:00:56.890 DIGITAL SUBSCRIBERS UP 382% YEAR OVER YEAR TO 510,000 00:00:56.890 --> 00:00:57.090 OVER YEAR TO 510,000 00:00:57.090 --> 00:00:57.157 OVER YEAR TO 510,000 GUIDANCE 00:00:57.157 --> 00:00:57.323 OVER YEAR TO 510,000 GUIDANCE ALSO 00:00:57.323 --> 00:00:57.457 OVER YEAR TO 510,000 GUIDANCE ALSO CAME 00:00:57.457 --> 00:00:57.991 OVER YEAR TO 510,000 GUIDANCE ALSO CAME IN 00:00:57.991 --> 00:00:58.258 OVER YEAR TO 510,000 GUIDANCE ALSO CAME IN WELL 00:00:58.258 --> 00:00:58.291 OVER YEAR TO 510,000 GUIDANCE ALSO CAME IN WELL AHEAD 00:00:58.291 --> 00:00:58.391 GUIDANCE ALSO CAME IN WELL AHEAD 00:00:58.391 --> 00:00:58.591 GUIDANCE ALSO CAME IN WELL AHEAD OF 00:00:58.591 --> 00:00:58.858 GUIDANCE ALSO CAME IN WELL AHEAD OF ESTIMATES 00:00:58.858 --> 00:00:58.992 GUIDANCE ALSO CAME IN WELL AHEAD OF ESTIMATES FOR 00:00:58.992 --> 00:00:59.325 GUIDANCE ALSO CAME IN WELL AHEAD OF ESTIMATES FOR A 00:00:59.325 --> 00:01:00.060 GUIDANCE ALSO CAME IN WELL AHEAD OF ESTIMATES FOR A Q 00:01:00.060 --> 00:01:00.693 GUIDANCE ALSO CAME IN WELL AHEAD OF ESTIMATES FOR A Q 2 00:01:00.693 --> 00:01:00.727 GUIDANCE ALSO CAME IN WELL AHEAD OF ESTIMATES FOR A Q 2 REVENUE 00:01:00.727 --> 00:01:01.194 OF ESTIMATES FOR A Q 2 REVENUE 00:01:01.194 --> 00:01:01.327 OF ESTIMATES FOR A Q 2 REVENUE OF 00:01:01.327 --> 00:01:01.661 OF ESTIMATES FOR A Q 2 REVENUE OF $1 00:01:01.661 --> 00:01:01.795 OF ESTIMATES FOR A Q 2 REVENUE OF $1 BILLION 00:01:01.795 --> 00:01:02.128 OF ESTIMATES FOR A Q 2 REVENUE OF $1 BILLION VERSUS 00:01:02.128 --> 00:01:02.162 OF ESTIMATES FOR A Q 2 REVENUE OF $1 BILLION VERSUS ESTIMATES 00:01:02.162 --> 00:01:02.429 OF $1 BILLION VERSUS ESTIMATES 00:01:02.429 --> 00:01:02.662 OF $1 BILLION VERSUS ESTIMATES OF 00:01:02.662 --> 00:01:03.596 OF $1 BILLION VERSUS ESTIMATES OF $939 00:01:03.596 --> 00:01:03.630 OF $1 BILLION VERSUS ESTIMATES OF $939 MILLION. 00:01:03.630 --> 00:01:03.730 OF $939 MILLION. 00:01:03.730 --> 00:01:03.830 OF $939 MILLION. AND 00:01:03.830 --> 00:01:03.897 OF $939 MILLION. AND FULL 00:01:03.897 --> 00:01:04.097 OF $939 MILLION. AND FULL YEAR 00:01:04.097 --> 00:01:05.432 OF $939 MILLION. AND FULL YEAR REVENUE 00:01:05.432 --> 00:01:05.565 OF $939 MILLION. AND FULL YEAR REVENUE OF 00:01:05.565 --> 00:01:05.732 OF $939 MILLION. AND FULL YEAR REVENUE OF $3.9 00:01:05.732 --> 00:01:05.899 AND FULL YEAR REVENUE OF $3.9 00:01:05.899 --> 00:01:06.032 AND FULL YEAR REVENUE OF $3.9 BILLION 00:01:06.032 --> 00:01:06.199 AND FULL YEAR REVENUE OF $3.9 BILLION VERSUS 00:01:06.199 --> 00:01:07.200 AND FULL YEAR REVENUE OF $3.9 BILLION VERSUS ESTIMATES 00:01:07.200 --> 00:01:08.701 AND FULL YEAR REVENUE OF $3.9 BILLION VERSUS ESTIMATES OF 00:01:08.701 --> 00:01:08.735 AND FULL YEAR REVENUE OF $3.9 BILLION VERSUS ESTIMATES OF $3.6 00:01:08.735 --> 00:01:08.902 BILLION VERSUS ESTIMATES OF $3.6 00:01:08.902 --> 00:01:09.736 BILLION VERSUS ESTIMATES OF $3.6 BILLION 00:01:09.736 --> 00:01:10.003 BILLION 00:01:10.003 --> 00:01:10.236 BILLION ALSO 00:01:10.236 --> 00:01:10.403 BILLION ALSO INTERESTING, 00:01:10.403 --> 00:01:10.770 BILLION ALSO INTERESTING, RESEARCH 00:01:10.770 --> 00:01:10.804 BILLION ALSO INTERESTING, RESEARCH AND 00:01:10.804 --> 00:01:11.171 ALSO INTERESTING, RESEARCH AND 00:01:11.171 --> 00:01:11.337 ALSO INTERESTING, RESEARCH AND DEVELOPMENT 00:01:11.337 --> 00:01:11.538 ALSO INTERESTING, RESEARCH AND DEVELOPMENT SPENDING 00:01:11.538 --> 00:01:11.938 ALSO INTERESTING, RESEARCH AND DEVELOPMENT SPENDING WAS 00:01:11.938 --> 00:01:13.540 ALSO INTERESTING, RESEARCH AND DEVELOPMENT SPENDING WAS UP 00:01:13.540 --> 00:01:13.573 ALSO INTERESTING, RESEARCH AND DEVELOPMENT SPENDING WAS UP 110% 00:01:13.573 --> 00:01:14.107 DEVELOPMENT SPENDING WAS UP 110% 00:01:14.107 --> 00:01:15.809 DEVELOPMENT SPENDING WAS UP 110% THE 00:01:15.809 --> 00:01:16.009 DEVELOPMENT SPENDING WAS UP 110% THE INCREASED 00:01:16.009 --> 00:01:16.042 DEVELOPMENT SPENDING WAS UP 110% THE INCREASED INVESTMENT 00:01:16.042 --> 00:01:16.109 DEVELOPMENT SPENDING WAS UP 110% THE INCREASED INVESTMENT IN 00:01:16.109 --> 00:01:16.176 DEVELOPMENT SPENDING WAS UP 110% THE INCREASED INVESTMENT IN NEW 00:01:16.176 --> 00:01:16.376 THE INCREASED INVESTMENT IN NEW 00:01:16.376 --> 00:01:16.443 THE INCREASED INVESTMENT IN NEW SOFTWARE 00:01:16.443 --> 00:01:17.010 THE INCREASED INVESTMENT IN NEW SOFTWARE AND 00:01:17.010 --> 00:01:17.143 THE INCREASED INVESTMENT IN NEW SOFTWARE AND THE 00:01:17.143 --> 00:01:17.310 THE INCREASED INVESTMENT IN NEW SOFTWARE AND THE HARDWARE 00:01:17.310 --> 00:01:17.544 SOFTWARE AND THE HARDWARE 00:01:17.544 --> 00:01:18.144 SOFTWARE AND THE HARDWARE DEVELOPMENT 00:01:18.144 --> 00:01:18.178 SOFTWARE AND THE HARDWARE DEVELOPMENT PIPELINE 00:01:18.178 --> 00:01:18.278 DEVELOPMENT PIPELINE 00:01:18.278 --> 00:01:18.478 DEVELOPMENT PIPELINE SO 00:01:18.478 --> 00:01:18.545 DEVELOPMENT PIPELINE SO THERE 00:01:18.545 --> 00:01:18.711 DEVELOPMENT PIPELINE SO THERE MAY 00:01:18.711 --> 00:01:18.945 DEVELOPMENT PIPELINE SO THERE MAY BE 00:01:18.945 --> 00:01:19.446 DEVELOPMENT PIPELINE SO THERE MAY BE NEW 00:01:19.446 --> 00:01:19.479 DEVELOPMENT PIPELINE SO THERE MAY BE NEW PRODUCTS 00:01:19.479 --> 00:01:19.646 SO THERE MAY BE NEW PRODUCTS 00:01:19.646 --> 00:01:19.679 SO THERE MAY BE NEW PRODUCTS COMING 00:01:19.679 --> 00:01:19.746 SO THERE MAY BE NEW PRODUCTS COMING IN 00:01:19.746 --> 00:01:20.813 SO THERE MAY BE NEW PRODUCTS COMING IN THE