Get the latest tech news

Peloton appoints Apple Fitness Plus cofounder as new CEO

Peloton’s Q1 2025 earnings were also stronger than expected.

“As a cofounder and driving force behind Apple Fitness Plus, Peter led his growth to millions of members, and is responsible for successfully scaling over a dozen other subscription services ranging from Ford BlueCruise to Apple iCloud to Time Warner Cable Home Security,” said Karen Boone, Peloton’s interim CEO, on today’s Q1 2025 earnings call. In a Q&A with investors, Boone also emphasized that Stern was “known for execution” and that the ability to balance profitability and growth was top of mind in the search for a new leader. Notably, Peloton’s downfall was due to the company throwing hundreds ofmillionsat growth opportunities while failing to account for waning demand after vaccines became widely available.

Get the Android app