Peloton Interactive Inc at JPMorgan Technology, Media and Communications Conference (Virtual) Transcript

May 12, 2020 / 02:40PM GMT
Douglas Till Anmuth - JP Morgan Chase & Co, Research Division - MD

Thanks, everyone, for joining us virtually today at JP Morgan's 48th Annual Global Tech Media and Communications Conference. So before we get started, I just want to mention that we'll take questions from the audience via Zoom. So please go to the Q&A button if you'd like.

So I'm Doug Anmuth, JP Morgan's Internet analyst. We're pleased to have with us, Jill Woodworth, CFO of Peloton. So Peloton is a technology company, centered around empowering people to improve their lives through fitness. Its core products, most of you are familiar with, a stationary bike, treadmill and a digital app that allows users to stream workout classes through a subscription service. Peloton actually crossed 1 million Connected Fitness subscribers just this morning, and the company is on track to reach $1.73 billion in annual revenues in this fiscal year.

So I'm pleased to welcome Jill. Prior to joining Peloton, Jill worked in financial services for more than 20 years, leading JP Morgan's Disruptive Commerce Group. And before that, its

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