The public markets are not responding well to Peloton right now.

The connected fitness leader generated $805.52 million in revenue in fiscal Q1 2022, missing Wall Street estimates of $810.7 million. 

Shares of the company — which had already fallen 43% this year — dropped another 30% to $60.12 in after hours trading.

Peloton also reported a net loss of $376 million, compared to a net loss of $49.8 million in fiscal Q1 2021. The company cited supply chain constraints and the reopening of gyms as reasons for the lukewarm results.

Peloton has seen its revenue take a dip for two consecutive quarters.

The New York-based company generated $936.9 million in revenue in fiscal Q4 2021, down from $1.26 billion for the period before. 

Despite the unfavorable results to start FY2022, Peloton is still attracting consumers.

• Connected fitness subscriptions reached 2.49 million in fiscal Q1, up 87% year-over-year.
• Paid digital subscriptions grew by 74% year-over-year, reaching 887,000.
• Members totaled more than 6.2 million for the quarter, up from 5.9 million in fiscal Q4 2021.

Peloton expects full-year revenue to range between $4.4 billion and $4.8 billion, down from a previous target of $5.4 billion.

ViacomCBS posted $6.61 billion in quarterly revenue Thursday, an improvement on analyst estimates of $6.57 billion.

The 13% year-over-year increase was attributed in part to the beginning of the NFL season in the third quarter. In the first four weeks of the season, CBS’ average viewership increased 22% year-over-year to 17.9 million viewers.

The media giant struck an 11-year, $2.1 billion-per-season deal with the league in March.

Profit declined year-over-year from $615 million to $538 million despite a revenue spike, due to new investments in content development.

• Streaming revenue jumped 62% to $1.1 billion — passing the $1 billion milestone for the first time.
• Streaming advertising revenue increased 48% to $531 million, and cable network ad revenue moved up 6%.
• The TV Entertainment division, which includes CBS Sports, saw revenue climb 24% to $2.9 billion.

The company reached 47 million global streaming subscribers, adding 4.3 million in the three months ended Sept. 30.

During the quarter, ViacomCBS and Comcast announced the forthcoming SkyShowtime, a European streaming service that will combine the libraries of multiple media entities from each conglomerate.

Nintendo lowered its full-year sales forecast for the Switch console by 6% after Thursday’s earnings report.

The Japanese video game company sold 8.28 million Switch consoles in the first six months of FY2021, a 34% decrease year-over-year.

Nintendo had a previous goal to sell 25.5 million consoles this fiscal year but now hopes to offload 24 million units, citing the semiconductor shortage plaguing the tech industry for the modified sales target.

“We can’t produce enough to meet the demand we are expecting during the upcoming holiday season,” said Nintendo president Shuntaro Furukawa. “Currently, there is no sign of improvement.”

Nintendo has taken a hit, like so many companies that rely on chips to make their products.

• Operating profit reached $1.9 billion in H1 2021, down 24.5% compared to H1 2020.
• Net sales were $5.4 billion, an 18.9% decrease year-over-year.
• Software sales hit 93.8 million units in H1 2021, down 6.3% from H1 2020.

Nintendo has sold 92.87 million Switch devices and 681 million units of software worldwide since the console’s release in March 2017.

Acushnet — owner of golf product brands including Titleist, FootJoy, and Scotty Cameron — raised its full-year guidance Thursday following a third-quarter earnings report.

The Massachusetts-based company saw net sales reach $521.6 million in Q3 2021, an 8% increase year-over-year. Acushnet beat Wall Street estimates of $416.54 million in sales for the quarter.

The company reported a strong quarter despite supply chain disruptions across all its segments.

• The results were driven by Acushnet’s FootJoy golf wear, which posted a $20.4 million increase in net sales in Q3, up 18.9% year-over-year due to higher pricing.
• Its Titleist golf club segment reached double-digit growth, posting a $13.9 million bump in net sales for the quarter, a 12.3% uptick compared to Q3 2020.

Acushnet expects supply chain constraints to continue throughout the rest of the fiscal year and into 2022.

However, the company estimates full-year sales to range between $2.08 billion and $2.1 billion, up from a previous target of between $1.93 billion and $1.99 billion.