$PTON and @GoldmanSachs conference: CEO John Foley states they increased capacity by 6x so far and not stopping there.

Foley: In the coming years we will launch in more markets

Foley on re-opening: 5 million treadmills have been sold every year in the last 20 years in America (pre-Covid). Content, music, smart, connnected home fitness is here to stay. Like smartphone, not going back to flip phones.

Foley on Tread: Fantastic demand "crushed expectations" both in UK and Canada and we know if will be the same in US.

Foley on Tread: We expect current bike and bike+ owners will be very popular to existing CHF subs as they can scale their $39/mo subscription-not an additional $39/mo.

Foley on strength: We will win strength. We will have several bets (hardware and no hardware) and see what wins with our members.

Foley on manufacturing: Efficiency of manufacturing will allow us pricing flexibility to further expand TAM-closer to 100m subs.

Foley on $1B raised: Free money, we will put $1B to work and get great returns on capital. We can invest more aggressively now with nearly $3bln in cash. We plan to build one of the best brands of our generation.

Foley: "We are assassins at acquiring customers"-net promoter score is high, people recommend us to others.