$PTON - 2025 F/Y GUIDANCE 🔸Sees revenue $2.4B to $2.5B, EST $2.69B 🔸Sees ADJ EBITDA $200M to $250M, EST $113.5M 🔸Sees connected fitness subscribers 2.68M to 2.75M, EST 3.01M GUIDANCE: Q1 🔸Sees revenue $560M to $580M, EST $602.5M 🔸Sees ADJ EBITDA $50M to $60M, EST $49.7M 🔸Sees connected fitness subscribers 2.88M to 2.89M, EST 2.98M 🔸Sees gross margin 50% RESULTS: Q4 🔸Revenue $643.6M, +0.2% y/y, EST $630.1M 🔸Connected fitness revenue $212.1M, -3.8% y/y, EST $197.3M 🔸Subscription revenue $431.4M, +2.3% y/y, EST $431.2M 🔸Connected fitness subscribers 2.98M, -0.5% y/y, EST 3.02M 🔸Paid digital subscribers 615,000, -26% y/y, EST 606,687 🔸ADJ EBITDA $70.3M vs. loss $34.7M y/y, EST $53.2M 🔸Loss per share $8.00 🔸Cash flow from operations $32.7M vs. negative $55.4M y/y, EST $17.9M