Peloton says Apple privacy changes partly to blame for revised outlook"As you likely know, there have been some significant changes made by Apple that are leading to some targeting headwinds."
What you need to know
Peloton has revised its annual revenue forecast down by $1 billion.
The company says headwinds created by Apple privacy changes are partly to blame.
Peloton says that privacy changes made by Apple in iOS 14 earlier this year have created some headwinds for the company.
Peloton announced Thursday that it was cutting its annual revenue forecast by $1 billion, and lowered expectations for subscribers and profits because of the impact that emerging from the pandemic had on its business.
Co-founder and CEO John Foley told analysts on an investor call:
Before we recap the quarter and discuss our forecast, I want to spend a moment providing some context for our updated outlook. As you all well know, stay-at-home and work-from-home orders, coupled with commercial gym closures, drove massive awareness gains for Connected Fitness, accelerat...
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Peloton says Apple privacy changes partly to blame for revised outlook
