Recent events
Recent events tied to this brand in public sources.
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2021
Peloton announces cheaper redesigned Tread model for the US
Peloton announced that it would begin selling a cheaper redesigned model of its Tread running machines in the US the following week; the article does not establish that sales had begun.
2021
Peloton announces virtual music festival
Peloton announced a three-day virtual music festival featuring music from 25 artists, scheduled to begin July 1. The source does not provide a publication date to establish the announcement date.
2021
Peloton responds to backlash over disabled Just Run feature
After disabling the free Just Run setting on its Tread+ treadmill, Peloton faced customer backlash. The company said it would waive three months of membership fees for Tread+ owners and was working on an update to bring the feature back.
2021
Peloton introduces Tread Lock software
Peloton introduced Tread Lock software for its treadmills. The safety feature automatically locks Tread+ models after 45 seconds of inactivity outside a class or when the machine goes to sleep.
2021
Peloton reports quarterly results and recall-related cost estimate
Peloton reported a quarterly net loss and estimated that its treadmill recall would cost about $165 million in lost revenue during the current quarter.
2021
Peloton plans Tread+ software update with a digital lock
Peloton announced plans to send Tread+ treadmills a software update in the next few days, adding a digital PIN code that can be used to lock the device.
2021
Peloton updates its fourth-quarter financial outlook
Peloton said the treadmill recall was expected to reduce fiscal fourth-quarter sales by $165 million and updated its sales outlook to about $915 million. It also said the combined costs were expected to reduce fourth-quarter adjusted EBITDA by about $16 million.
2021
Peloton announces Tread+ and treadmill recall
Peloton announced a voluntary recall of its Tread+ and treadmill products following the accidental death of a child. The article reports that the recalls covered around 125,000 units. Peloton CEO John Foley apologized for the company’s initial response to the Consumer Product Safety Commission’s request to recall the Tread+.
2021
Class-action lawsuit over Peloton Tread+ safety warnings
Shannon Albright filed a class-action lawsuit against Peloton, claiming that its Tread+ warnings did not convey potential safety hazards and seeking more than $5 million in damages. These are allegations in the lawsuit.
2021
Dish and Sling seek to block imports of workout products
Dish and Sling filed a complaint with the U.S. International Trade Commission seeking to block imports of Peloton, NordicTrack and Mirror products into the United States.
2021
Dish Network files streaming-technology lawsuits
Dish Network filed lawsuits against Peloton, Lululemon and Icon Health & Fitness, alleging that they used its patented workout-streaming technology.
2021
DISH sues Peloton over streaming patents
DISH filed a complaint against Peloton in the Eastern District of Texas, alleging that Peloton infringed DISH's streaming-related patents through its fitness streaming services.
2021
Peloton completes acquisition of Precor
Peloton announced that it had officially closed its acquisition of Precor. Peloton said the acquisition established U.S. manufacturing capacity and anticipated boosting research and development capabilities and expanding its commercial business.
2021
Peloton announces music partnership with VERZUZ
Peloton announced a music partnership with VERZUZ, created by Swizz Beatz and Timbaland, combining music and fitness in classes available through Peloton's Bike, Tread, and App.
2021
Peloton issues Tread+ safety warning after child’s death
Peloton disclosed a fatal child accident involving its Tread+ treadmill and a separate recent incident in which another child was significantly injured. The company advised Tread+ users to keep children and pets away from the equipment and said it was assessing ways to reinforce its warnings.
2021
Peloton warns adults to keep children away from its treadmills after a fatal accident
After an accident killed one child and seriously injured another, Peloton issued a warning for adults to keep children away from its treadmills.
2021
Peloton completed its acquisition of Aiqudo
Peloton completed its acquisition of Aiqudo in February 2021, adding talent and technology to its team.
2020
Amer Sports agrees to sell Precor assets to Peloton
Amer Sports Oy agreed to sell Precor assets to Peloton Interactive for total cash consideration of $420 million, subject to adjustments under the agreement and satisfaction of conditions precedent.
2020
Peloton announces planned acquisition of Precor
Peloton agreed to acquire fitness-equipment company Precor for $420 million. The article reported that the transaction was expected to close early the following year; it had not yet been completed.
2020
Peloton and Shonda Rhimes announce the Year of Yes class collection
Peloton and Shonda Rhimes created an eight-week “Year of Yes” class collection. The first four classes were scheduled to become accessible starting December 14, 2020, through the Peloton app and devices.