TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo March 17, 2021 Jill Woodworth Chief Financial Officer Peloton Interactive, Inc. 125 West 25th Street, 11th Floor New York, New York, 10001 Re: Peloton Interactive, Inc. Form 10-K for the fiscal year ended June 30, 2020 Filed September 11, 2020 File No. 001-39058 Form 8-K Furnished on February 4, 2021 File No. 001-39058 Dear Ms. Woodworth: We have reviewed your filings and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the fiscal year ended June 30, 2020 Notes to Consolidated Financial Statements Commitments and Contingencies Legal Proceedings, page 77 1. We note you recognized $60.1 million in litigation and settlement expenses for the fiscal year ended June 30, 2020 which was material to your net income. We also note that these expenses were adjustments in certain of your non-GAAP measures that you describe as consisting of legal settlements and related fees for specific proceedings, that arise outside of the ordinary course of your business. To help us better understand your disclosure, please quantify how much of the related expenses applied to the previously disclosed legal maters and how much of the expenses, if any, were related to matters not previously identified. Please further explain the nature of the expenses and how you determined that Jill Woodworth Peloton Interactive, Inc. March 17, 2021 Page 2 they are out of the ordinary. Form 8-K Furnished on February 4, 2021 Exhibit 99.1 Key Operating Metrics and Non-GAAP Financial Measures, page 14 2. Please revise to present your GAAP financial statements prior to your reconciliations of non-GAAP measures to avoid giving undue prominence to the non-GAAP data in accordance with Item 10(e)(1)(i)(A) of Regulation S-K. We also note similar disclosures in your 10-Q filings. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Charles Eastman, Staff Accountant at (202) 551-3794 or Melissa Gilmore, Staff Accountant at (202) 551-3777 with any questions. FirstName LastNameJill Woodworth Sincerely, Comapany NamePeloton Interactive, Inc. Division of Corporation Finance March 17, 2021 Page 2 Office of Manufacturing FirstName LastName