Peloton Interactive, Inc. (NASDAQ:PTON) Q4 2023 Earnings Conference Call August 23, 2023 8:30 AM ET
Company Participants
Peter Stabler - Head of IR
Barry McCarthy - President & CEO
Liz Coddington - CFO
Conference Call Participants
Ron Josey - Citi
Doug Anmuth - JPMorgan
Justin Post - Bank of America
Eric Sheridan - Goldman Sachs
Andrew Boone - JMP Securities
Shweta Khajuria - Evercore ISI
Mario Lu - Barclays
Edward Yruma - Piper Sandler
John Blackledge - TD Cowen
Aneesha Sherman - Bernstein
Jonathan Komp - Baird
Operator
Good day, and thank you for standing by. Welcome to the Peloton Interactive 4Q '23 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised today's conference being recorded.
I would now like to hand the conference over to your speaker today, Peter Stabler. Please go ahead.
Peter Stabler
Thank you, Ken. Good morning and welcome to Peloton's fourth quarter and fiscal year-end conference call. Joining today's call are CEO, Barry McCarthy; and CFO, Liz Coddington. Our comments and responses to your questions reflect management's views as of today only and will include statements related to our business that are forward-looking statements under federal securities law.
Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with our business. For a discussion of the material risks and other important factors that could impact our actual results, please refer to our SEC filings and today's shareholder letter, both of which can be found on our Investor Relations website.
During this call, we will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is provided in today's shareholder letter.
I'll now turn the call over to the operator for our first question.
Question-and-Answer Session
Operator
Thank you. [Operator Instructions] Our first question comes from Ron Josey with Citi. Your line is open.
Ron Josey
Great. Thanks for taking the question. I want to -- Barry talk about two things. I think in the letter, you talked about an uptick in sales in the last eight weeks. And I want to understand a little bit more what you think is driving this? Is this the result of just new brand spend or maybe seasonality coming back? And in the letter, you also talked about free cash flow being positive, expected to be in the back half of '24. Just talk to us about the drivers that will lead to that positive free cash flow and the confidence in that metric? Thank you.