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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Peloton Interactive Inc | NASDAQ:PTON | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.28% | 3.60 | 3.60 | 3.62 | 3.64 | 3.45 | 3.58 | 9,112,580 | 21:56:56 |
On the heels of its brand relaunch, Peloton introduces new B2B offering designed
to meet customers anywhere and anytime
NEW YORK, Aug. 17, 2023 /PRNewswire/ -- Today Peloton (NASDAQ: PTON) announced the launch of Peloton for Business, a unified portfolio of B2B wellbeing solutions for enterprise clients, offered across seven key verticals: Hospitality, Corporate Wellness, Multi-Family Residential, Education, Healthcare, Gyms and Community Wellness. A first-of-its-kind in B2B fitness and wellness, the full-service offering includes a range of equipment and content-based solutions, delivering on Peloton's commitment to empower anyone, anywhere, anytime.
In order to provide access to Peloton's award-winning classes for mind and body, Peloton for Business products and services offered include:
● Commercial Bike: Access to a Peloton Bike that allows an unlimited number of users to ride at no charge to them, in hotels, multi-family residential gyms, corporate office gyms, campus recreation centers, and community wellness gyms.
● Employee Benefit: Access to the Peloton App, preferred pricing on Peloton equipment, unique corporate engagement experiences, and an inclusive community, all through one employee benefit.
● Partner Offers: Access to enterprise-level partnerships that deliver exclusive programming and offers for the audiences of partner brands and organizations.
This new approach streamlines and strengthens Peloton's existing B2B services, for which it was already seeing success. In the last 12 months alone, there have been more than 7.5 million rides taken on Peloton Bikes in commercial settings globally. Additionally, Peloton saw industry-high retention rates among enterprises that offer team members the Peloton Corporate Wellness benefit, with more than 93 percent of clients renewing year over year.
Reinforcing its commitment to the B2B marketplace as a strategic growth driver for the business, Peloton has created a leadership role that will oversee this function. Greg Hybl, a leader with more than 20 years in the strategic partnership, commercial, and business development spaces, has been appointed Senior Vice President and General Manager of Peloton for Business. Hybl joins Peloton from American Express where he led a team responsible for strategic partnerships.
"I'm thrilled to be joining Peloton at such a pivotal time in the development of its B2B strategy," said Hybl. "Our goal is to be a solution-oriented partner that provides customizable options for each client's unique needs, regardless of a company's size. By offering both holistic and individualized solutions, we can now widen our client base to include small and mid-sized organizations in addition to the larger enterprise businesses we currently serve. We couldn't be more excited about both continuing the momentum we are seeing with our existing enterprise customers and by now bringing the value of Peloton to customers and employees at all levels."
Peloton's B2B enterprise customers span different industries, vary in scale, and demonstrate a variety of values. Examples include:
Sequoia – NEW – Serving the Mid-Size Enterprise
Hilton – An Industry-First Partnership in Hospitality
YMCA – Bringing the Magic of Peloton to Communities
Volvo – Delivering Meaningful Benefits
Dropbox - Fostering a Productive Remote Workforce
Peloton for Business is available in all five international markets including the U.S., Canada, UK, Germany and Australia, with solutions for Corporate Wellness clients initially launching in all markets except Germany. To learn more, visit business.one peloton.com.
About Peloton
Peloton (NASDAQ: PTON), provides Members with expert instruction, and world class content to create impactful and entertaining workout experiences for anyone, anywhere and at any stage in their fitness journey. At home, outdoors, traveling, or at the gym, Peloton brings together immersive classes, cutting-edge technology and hardware, and the Peloton App with multiple tiers to personalize the Peloton experience [with or without equipment]. Founded in 2012 and headquartered in New York City, Peloton has nearly 7 Million Members across the US, UK, Canada, Germany, and Australia. For more information, visit www.onepeloton.com.
PRESS CONTACT:
Jaisa Dominguez
press@onepeloton.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/peloton-announces-peloton-for-business-offering-full-service-well-being-solutions-for-b2b-clients-301903029.html
SOURCE Peloton
Copyright 2023 PR Newswire
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