Peloton Interactive, Inc. (NASDAQ:PTON) Q4 2022 Earnings Conference Call August 25, 2022 8:30 AM ET
Company Participants
Peter Stabler - Head, Investor Relations
Barry McCarthy - Chief Executive Officer
Liz Coddington - Chief Financial Officer
Conference Call Participants
Justin Post - Bank of America
Doug Anmuth - JPMorgan
Ron Josey - Citi
Lauren Schenk - Morgan Stanley
Edward Yruma - Piper Sandler
Eric Sheridan - Goldman Sachs
Shweta Khajuria - Evercore ISI
Kaumil Gajrawala - Credit Suisse
John Blackledge - Cowen
Youssef Squali - Truist
Arpine Kocharyan - UBS
Operator
Good day, and thank you for standing by. Welcome to the Peloton Interactive Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please be advised that today's conference is being recorded. And we will take one minute to assemble the queue after the Safe Harbor.
I would now like to hand the conference over to your speaker today, Peter Stabler, Head of Investor Relations. Please go ahead.
Peter Stabler
Good morning, and welcome to Peloton's fiscal fourth quarter 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 our operator to take our first question. Operator?
Question-and-Answer Session
Operator
[Operator Instructions] All right. And our first question comes from the line of Justin Post from Bank of America. Your line is open.
Justin Post
Great. Thanks. A couple, first, when you said churn about 1.41%, and I think it would be lower if you adjust for Canada, is that what you're looking for in the first quarter, or is the adjusted with Canada? And then secondly, just thinking about the shape of the year, looking for flattish subs in the first quarter, how are you thinking about holiday seasonality going forward? And what needs to happen to get to break-even cash flow? Thank you.