Finance
Zwift Lays Off 15% of Workforce
Zwift conducted layoffs in 2022 as well. Sources suggested at the time that rougly 150 employees were let go.
Inside the Earnings Call: Xponential Fitness Confirms Boutique Fitness is a ‘Must-Have;’ Shares Climb
Here is what CEO Anthony Geisler, President Sarah Luna, & CFO John Meloun said on the Xponential Fitness Q4 & FY 2022 earnings call.
Elo Gets Moving Raising $10 Million and Gets Smart with Newly Launched Protein Product
Users can fine-tune their Elo Smart Protein dosing needs per workout with the help of the Apple Health technology.
D1 Training Announces Signing of its Largest Deal in Brand History
The D1 Training facilities will be coming to Long Island, Tampa, Minneapolis, and Dallas-Fort Worth over the next five years.
Peloton Appoints Dalana Brand, formerly from Twitter, as Chief People Officer
Connected fitness giant Peloton also confirmed that Dalana Brand is relocating from California to New York City.
Acquisition Alert: Wexer Acquires Digital Fitness Experience Provider Intelivideo; Wexer CEO Says 2023 is a ‘Pivotal Year’
Intelivideo CEO Matt Given said that following the acquisition by Wexer, customers will get new tech, content, & partnership opportunities.
Inside Earnings Call: Garmin Announces Q4 & FY 2022 Results, Discusses AFib Monitoring, Indoor Cycling, & Wearables
While announcing its Q4 & FY 2022 results, Garmin said its fitness segment hit a bit of a lull, while outdoor segment showed some growth.
Inside the Earnings Call: Planet Fitness Performing Well; CEO Notes Increased Health & Wellness Prioritization, Believes Membership can be Doubled
Planet Fitness CEO Chris Rondeau reported on the recent earnings call that he was pleased with the fourth quarter results.
Strava Sets Things Straight
Strava set things straight on LinkedIn, detailing in a post on the professional networking site what it is up to.
Lemon Perfect, a Beyoncé-Backed Hydration Company, Raises Nearly $37 Million in Latest Funding Round
Founded in 2017, Lemon Perfect got a huge boost in popularity in 2020 when Beyoncé’ posted a photo on Instagram with a company drink in it.
