While purchases of at-home fitness products like Peloton bikes and treadmills skyrocketed following the onset of the pandemic, those sales slowed in the summer and fall of 2021 as gyms re-opened.
The bar chart shows Peloton's revenues from both equipment sales and subscriptions from the third quarter of 2018 through the third quarter of 2021. Equipment revenue increases to more than $1 billion in the first quarter of 2021 and then decreases to $655 million in the second quarter and $501 million in the third quarter of 2021.