Peloton Live Spin Class

Peloton Live Spin Class

Author
Discussion

Bam89

523 posts

66 months

Friday 22nd January
quotequote all
I freely admit that I'm a sucker for good marketing and have one of the original Peloton bikes arriving next week biggrin

We're never going to go road cycling, but have both always enjoyed spin classes. I'm sure there's better methods but I feel like I'll be more likely to do this than other kinds of cardio / workouts while gyms are closed. As the old adage goes, the best workout is the one you'll actually do

z4RRSchris

9,787 posts

144 months

Friday 22nd January
quotequote all
buy the wattbike, mount ipad or TV to wall. run peloton app.

my misses has no desire to be a cyclist, she loves zwift.

done.

you’ll see on ebay the wattbikes sell for decent money, a peloton is fixed to one provider, what happens when they go bust.


cerb4.5lee

18,701 posts

145 months

Friday 22nd January
quotequote all
Bam89 said:
I freely admit that I'm a sucker for good marketing and have one of the original Peloton bikes arriving next week biggrin

We're never going to go road cycling, but have both always enjoyed spin classes. I'm sure there's better methods but I feel like I'll be more likely to do this than other kinds of cardio / workouts while gyms are closed. As the old adage goes, the best workout is the one you'll actually do
I used to love road cycling years ago(20-25 years ago) but no way would I go out on the roads now though(much more traffic/terrible driving standards now). So the Peloton is very good in that regard I reckon. It is quick and easy to just jump on for 20 mins(or whatever length suits you). It gets strangely addictive too.

I've only done the cycling bit up to now, but you also have the options of strength/yoga etc classes as well.

Richtea1970

349 posts

25 months

Friday 22nd January
quotequote all
I've been going through this exact process with my wife.

We got a standard spin bike about 6 months ago and use it a lot. The wife using YouTube spin videos and me using Zwift (with a cadence sensor and HR2VP).
As times gone on we've both decided we want a better set up so started looking at Peleton/ Echelon etc. Having spent hours looking at the pros and cons of each, we've decided on a Wattbike. Whilst there are pros and cons for each set up, in the back of my mind is that the Peleton is a basic spin bike with a screen, which will cost another £40 a month on top of the bike. The Wattbike is a standalone bike but we have a TV in the gym anyway which i stream the Zwift and we've just started to trial the standalone Peleton app, which seems good value for money.

Hopefully this will meet both our needs but time will tell (currently a 10 -12 week delivery time on the Wattbike)

z4RRSchris

9,787 posts

144 months

Friday 22nd January
quotequote all
Richtea1970 said:
I've been going through this exact process with my wife.

We got a standard spin bike about 6 months ago and use it a lot. The wife using YouTube spin videos and me using Zwift (with a cadence sensor and HR2VP).
As times gone on we've both decided we want a better set up so started looking at Peleton/ Echelon etc. Having spent hours looking at the pros and cons of each, we've decided on a Wattbike. Whilst there are pros and cons for each set up, in the back of my mind is that the Peleton is a basic spin bike with a screen, which will cost another £40 a month on top of the bike. The Wattbike is a standalone bike but we have a TV in the gym anyway which i stream the Zwift and we've just started to trial the standalone Peleton app, which seems good value for money.

Hopefully this will meet both our needs but time will tell (currently a 10 -12 week delivery time on the Wattbike)
that is the move i think sensible people take. Peloton bike is bricked to their software only, the company is losing money hand over fist, if they go bust you have nothing.

Helicopter123

8,831 posts

121 months

Friday 22nd January
quotequote all
z4RRSchris said:
Richtea1970 said:
I've been going through this exact process with my wife.

We got a standard spin bike about 6 months ago and use it a lot. The wife using YouTube spin videos and me using Zwift (with a cadence sensor and HR2VP).
As times gone on we've both decided we want a better set up so started looking at Peleton/ Echelon etc. Having spent hours looking at the pros and cons of each, we've decided on a Wattbike. Whilst there are pros and cons for each set up, in the back of my mind is that the Peleton is a basic spin bike with a screen, which will cost another £40 a month on top of the bike. The Wattbike is a standalone bike but we have a TV in the gym anyway which i stream the Zwift and we've just started to trial the standalone Peleton app, which seems good value for money.

Hopefully this will meet both our needs but time will tell (currently a 10 -12 week delivery time on the Wattbike)
that is the move i think sensible people take. Peloton bike is bricked to their software only, the company is losing money hand over fist, if they go bust you have nothing.
It's a $46bn company with a strong balance sheet and 1.1m subscribers.

I don't think failure is that likely but I take your point about being limited to Peloton classes, I will raise this with the boss.

RichardAP

198 posts

7 months

Friday 22nd January
quotequote all
z4RRSchris said:
that is the move i think sensible people take. Peloton bike is bricked to their software only, the company is losing money hand over fist, if they go bust you have nothing.
I’m not sure that ties into their latest earnings report.

z4RRSchris

9,787 posts

144 months

Friday 22nd January
quotequote all
It has only 1m users, and an extra 2.5m users on app only.

it has 1.8bn in cash reserves, but is loosing around 200m this year, 250m in 2019, 45m in 2018, 163m in 2017...

it has a high likelihood of going bust unless it can seriously boost its membership to the 30-50m users mark and retain them.

it is trading at a market cap of 46bn (£46,000 per user), I predict it is bust in 3 years, the metrics don't make any sense.

Chicken Chaser

6,281 posts

189 months

Friday 22nd January
quotequote all
I completely understand that people don't want faff, they want someone to provide an end user solution that someone will put into their home and they just climb on, press a button, select a workout and off they go. They are happy spending £2k with all the branded ste that goes with it, and then the expensive sub on top. I guess if they have the cash to do it and it makes them exercise then thats all that matters. I think those of us who use trainers with the option of several other apps will never agree with their strategy or their costings but as long as people are working hard doing it, then whatever gets them going is the best option.

Helicopter123

8,831 posts

121 months

Friday 22nd January
quotequote all
z4RRSchris said:
It has only 1m users, and an extra 2.5m users on app only.

it has 1.8bn in cash reserves, but is loosing around 200m this year, 250m in 2019, 45m in 2018, 163m in 2017...

it has a high likelihood of going bust unless it can seriously boost its membership to the 30-50m users mark and retain them.

it is trading at a market cap of 46bn (£46,000 per user), I predict it is bust in 3 years, the metrics don't make any sense.
If it loses 200m a year that is 9 years until they run out of cash then, and then assuming they can't access debt or raise equity.

1.1m subscribers paying 39 a month gives pretty strong revenue.

Subscriber numbers are growing - there is now a Peloton in the Whitehouse would you believe...

Whether it's worth 46bn is another question, but I don't think they are heading to the wall any time soon.

RichardAP

198 posts

7 months

Friday 22nd January
quotequote all
Helicopter123 said:
z4RRSchris said:
It has only 1m users, and an extra 2.5m users on app only.

it has 1.8bn in cash reserves, but is loosing around 200m this year, 250m in 2019, 45m in 2018, 163m in 2017...

it has a high likelihood of going bust unless it can seriously boost its membership to the 30-50m users mark and retain them.

it is trading at a market cap of 46bn (£46,000 per user), I predict it is bust in 3 years, the metrics don't make any sense.
If it loses 200m a year that is 9 years until they run out of cash then, and then assuming they can't access debt or raise equity.

1.1m subscribers paying 39 a month gives pretty strong revenue.

Subscriber numbers are growing - there is now a Peloton in the Whitehouse would you believe...

Whether it's worth 46bn is another question, but I don't think they are heading to the wall any time soon.
Q1 results they made $70m, FY forecast $300m profit and $2b in the bank. I think I’m ok to get a few years out of my bike. smile

ukwill

8,356 posts

172 months

Friday 22nd January
quotequote all
I think the proposition is all wrong. I think it’s mad to spend 2k on a bike that’s limited to one platform and then have to pay £40 pm going forward, when you could use a bike of your choice, and then use the app for £13 pm.

In my mind it should be the other way round. If it were, I would have prob bought their bike.

I spent £750 on a Schwinn AC Power that retails at 3k, from a studio that had been bought out, the bike had done a whole 13miles! It’s a much better bike. And I can use it on any platform I like. What dont I get? The leaderboard. Big deal. In the year I’ve been using it, I’ve yet to take a live class. Which suits me fine. And I’ve done just as many strength/cardio classes as I’ve done spin classes.

My advice would be: Don’t get hung up on the bike. The app is where the value is.

VEIGHT

2,319 posts

193 months

Friday 22nd January
quotequote all
ukwill said:
I think the proposition is all wrong. I think it’s mad to spend 2k on a bike that’s limited to one platform and then have to pay £40 pm going forward, when you could use a bike of your choice, and then use the app for £13 pm.

In my mind it should be the other way round. If it were, I would have prob bought their bike.

I spent £750 on a Schwinn AC Power that retails at 3k, from a studio that had been bought out, the bike had done a whole 13miles! It’s a much better bike. And I can use it on any platform I like. What dont I get? The leaderboard. Big deal. In the year I’ve been using it, I’ve yet to take a live class. Which suits me fine. And I’ve done just as many strength/cardio classes as I’ve done spin classes.

My advice would be: Don’t get hung up on the bike. The app is where the value is.
I totally agree the app is incredible for the price (outdoor running I used to do a fair bit and loved that on the app) however I'm the opposite, I love taking a live class (shout outs in the early days from the instructor's is a fun surprise) and the leaderboard pushes me and my mates far more than anything I could achieve on my own.

I haven't tried much of the strength - might have a closer look!

bompey

382 posts

200 months

Friday 22nd January
quotequote all
Another vote for the app with a spin bike. We recently bought a Schwinn spin bike and used ipad for watching TV and trying youtube cycling classes. Peloton have a 2 month free trial for the app and then £12.99 per month which we signed up for a few weeks ago and it's excellent. I did spin classes pre lockdown but Mrs Bompey is also using it for yoga and stretching classes.
Not sure why anyone would tie themselves into the bike and £40 per month when the app is so good.

pablo

15,551 posts

238 months

Friday 22nd January
quotequote all
I think there’s a psychological element to it too and Peloton have done a great job of replicating the gym experience, people I know who choose peloton over zwift did so because for them, the most important part of exercise is to be seen doing it.... they’re the ones who would drive to the gym to do a spin class, essentially, they’re not cyclists. You couldn’t have a conversation with them about le tour or the merits of 28s over 23s.

But when gyms reopen, I’m sure that the need to be seen exercising will encourage people to go back and peloton subscribers will drop...

Richtea1970

349 posts

25 months

Friday 22nd January
quotequote all
pablo said:
I think there’s a psychological element to it too and Peloton have done a great job of replicating the gym experience, people I know who choose peloton over zwift did so because for them, the most important part of exercise is to be seen doing it.... they’re the ones who would drive to the gym to do a spin class, essentially, they’re not cyclists. You couldn’t have a conversation with them about le tour or the merits of 28s over 23s.

But when gyms reopen, I’m sure that the need to be seen exercising will encourage people to go back and peloton subscribers will drop...
I agree with this. My wife is a PT and can spot straight away those that genuinely want advice and a plan to get fit and those just want to say they have a personal trainer and post a selfie of every exercise they do. At one point she was thinking of offering a 'social media' package, basically a reduced cost where they get zero instruction but can take as many selfies they like in 15 mins in the gym environment wink

Paul Drawmer

4,479 posts

232 months

Saturday 23rd January
quotequote all
Richtea1970 said:
I agree with this. My wife is a PT and can spot straight away those that genuinely want advice and a plan to get fit and those just want to say they have a personal trainer and post a selfie of every exercise they do. At one point she was thinking of offering a 'social media' package, basically a reduced cost where they get zero instruction but can take as many selfies they like in 15 mins in the gym environment wink
Love it! Sign me up. rofl

Edit: Richtea, are you the richtea on the CW forum?

Edited by Paul Drawmer on Saturday 23 January 06:48

Some Gump

11,602 posts

151 months

Saturday 23rd January
quotequote all
Just seen an advert for peleton on a treadmill.

Its brilliant, they've kept the spirit of that twitter thread perfectly. I'm so inspired, i think i might take the island out of my kitchen and put a treadmill there instead smile

Zigster

1,528 posts

109 months

Saturday 23rd January
quotequote all
Peloton is a bit pricey for my liking, but I can absolutely see why people would prefer it to a road bike on a turbo.

I’ve got several road bikes, but bought a second-hand Keiser M3 for indoor cycling (when I’m short on time or when the weather is too rotten to cycle outside). The M3 is in my den, in front of an old TV so I can watch YouTube spin classes or just pedal as I’m catching up on a box set. If my wife fancies doing a YouTube spin class, it’s quick and easy to adjust the M3 to her sizing compared with changing bikes on a turbo and getting it all connected to Zwift.

The M3 isn’t as close to real cycling as putting one of my bikes on a turbo, but that’s not the point of it. And the advantages of the M3 more than make up for it.

One of my neighbours has just done the same as me. One of our mutual friends (who I cycle with) had told her to get a turbo for her road bike, but she spent some time looking into it and felt it wasn’t the right option for her. She checked out my M3 and went and bought a second-hand one herself. So far, her whole family (her, her husband and both sporty teenage children) are using the bike regularly which wouldn’t have been possible with a turbo.

Richtea1970

349 posts

25 months

Saturday 23rd January
quotequote all
Paul Drawmer said:
Edit: Richtea, are you the richtea on the CW forum?

Edited by Paul Drawmer on Saturday 23 January 06:48
No, I'm not buddy.
Common forum name for unimaginative Richards!