Peloton is price competitive with standalone (ie: not tacked onto a big-box gym membership) spin classes.
I don't think Peloton is worth a trillion dollars, but the market is serves is real.
Maybe I'm out of touch with what working-class people do for fitness, but my understanding is that standalone spin classes also mostly fall under the domain of "niche [service] available to a rich few." (Or at the very least, upper-middle class)
My 80,000 sq ft mega non-chain gym includes unlimited spin classes for $50/mo.
Can we stop with the indiscriminate "privilege" thing for anything that costs money?
With around 60% of Americans living paycheck to paycheck, paying for things like spin class absolutely falls under the banner of privilege. Yeah, it's not a private jet, but paying to burn off the excess calories consumed over the month is surely at least a little bougie. Even more so if we're talking about a $1k exercise bike in a spare room.
It's real but limited. The endless need for growth is what's going to sink Peloton which should be a very profitable company with minimal growth. 2,000,000 paying customers with very low churn should be enough. But it's never enough. Grow until you die is the problem.
I agree. just bring profitable is the holy grail. compounding returns from profits is where growth comes from. this side that companies need to grow is evil propaganda spread by evil VCs
Be careful what you ask for. If companies need to be profitable to be considered successful, where will it end?
No, but my gym also doesn't do fun on-demand classes with well-known instructors that I can do with my friends.