...A. Overview: 4Q22 brought a remarkable year to a close. 1. Finished FY21 with $4.02b of revenue, up 120% YonY and up 340% vs. FY19. a. b. Added over 1.2m connected fitness subscribers in FY21. c. Digital subscriptions ended FY21 up 176% YoverY. 2. Introduced new products and software features, greatly expanded and enhanced content library, and launched in Australia, which was no small feat given COVID pandemic complexities. 3. Invested aggressively in supply chain and logistics, allowing Co. to bring product wait times back to pre-pandemic levels. Even with significant investments made in manufacturing capacity and expedited shipping, this level of growth drove far more EBITDA profitability than anticipated or intended to achieve at this point in growth cycle. a. 4. Over past two years, Co. spoke regularly about: Connected fitness opportunity it sees for PTON. a. b. How combination of world-class fitness hardware and software and streaming media is fundamentally disrupting an industry that...
