Peter Stern

So we, you know, I'm so pleased that we have now been able to deliver five consecutive quarters of significant free cash flow.

And so this is now a company that we're running in a very disciplined way and we're delivering real profitability and

And I think you can see that in the year-over-year changes in the stock price where we're up considerably because people now feel so confident about the future.

So we know that...

Every dollar is precious, and people are considering how to spend their money these days.

And so we're very careful about what we do here.

But we're also looking at the value that we deliver.

And we know that if people are going to invest in something, they should be investing in their health, in their well-being, in their longevity, and how they feel both physically and about themselves.

And Peloton allows them to get a great return on that investment.

So we did do a price increase.

It was the first change in our all-access membership in over three years.

We were very thoughtful about what that was.

And we hope that our members appreciate all of the additional benefits that we've provided them over the last year, for example, adding

about 12,000 more classes, 40 more programs, more modalities, things like weighted vest workouts, as well as what we just announced today, which is the introduction of Peloton IQ, which provides basically the benefits of a personal trainer in your home.

Yeah, so first of all,

We're happy for you to work out in whatever ways you choose to and in as many ways as you do.

But our focus is on making sure that Peloton can be the answer for you regardless of what aspect of total health you're focused on.

So cardio, of course, is where we started.

And we're known for that between our row, our tread, and, of course, the bike.

But now strength is a huge area of focus for us.