Peloton Still Targeting 2023 For Profitability

Peloton Interactive Inc. continues to measure success a little differently than most companies beholden to shareholders. Although the company widened its loss in Q2, profitability is a journey for Peloton, which estimates that the company will hit the coveted aspiration of being “adjusted-EBITDA profitable by 2023,” said CFO Jill Woodworth.

Rad Power Bikes Closes $25 Million In Funding To Grow DTC Business

Rad Power Bikes, a Seattle-based ebike brand, closed $25 million in funding led by Vulcan Capital and Durable Capital Partners LP. The funding will support new brick & mortar retail locations around the world, along with expansion of the company’s mobile service and white glove delivery offerings.

Peloton Raises Guidance After Cruising To Q2 Beat

In just its second quarterly earnings report since going public, Peloton Interactive Inc. notched impressive earnings and revenue beat as the company grew its number of connected fitness subscribers 96 percent to 712,005 and its total members to more than 2 million.

Mizuno Signs Ronda Rousey

Mizuno has signed Ronda Rousey as the newest addition to the Mizuno roster of athletes in North America. She had been with Reebok.