v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 586.0 $ 595.5
Total cost of revenue 282.2 310.1
Gross profit 303.8 285.4
Operating expenses:    
Sales and marketing 81.9 146.0
General and administrative 119.5 151.1
Research and development 58.5 78.7
Impairment expense 4.9 24.0
Restructuring expense 2.9 17.8
Supplier settlements 23.5 0.0
Total operating expenses 291.2 417.6
Income (loss) from operations 12.5 (132.3)
Other expense, net:    
Interest expense (35.4) (27.2)
Interest income 8.1 8.4
Foreign exchange gain (loss) 14.8 (7.8)
Other (expense) income, net (0.1) 0.3
Total other expense, net (12.6) (26.2)
Loss before provision for income taxes 0.0 (158.5)
Income tax expense 0.8 0.8
Net loss (0.9) (159.3)
Net loss attributable to Class A and Class B common stockholders (0.9) (159.3)
Net loss attributable to Class A and Class B common stockholders $ (0.9) $ (159.3)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ 0 $ (0.44)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ 0 $ (0.44)
Weighted-average Class A and Class B common shares outstanding, basic (in shares) 378,776,423 358,547,563
Weighted-average Class A and Class B common shares outstanding, diluted (in shares) 378,776,423 358,547,563
Other comprehensive (loss) income:    
Change in foreign currency translation adjustment $ (9.9) $ 1.9
Total other comprehensive (loss) income (9.9) 1.9
Comprehensive loss (10.8) (157.4)
Connected Fitness Products    
Total revenue 159.6 180.6
Total cost of revenue 145.0 174.9
Subscription    
Total revenue 426.3 415.0
Total cost of revenue $ 137.2 $ 135.2