Peloton Interactive, Inc.

Good day and thank you for standing by. Welcome to the Peloton Interactive 1Q24 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's remarks, there will be a question and answer session. To ask a question during the session, please press star 1-1 on your telephone and wait for your name to be announced. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Peter Stabler. Head of Investor Relations.

Good morning, and welcome to Peloton's first quarter fiscal 2024 conference call. Joining today's call are CEO Barry McCarthy, CFO Liz Coddington, and Chief Marketing Officer Leslie Berlin. 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 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 fall, 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. And I'll now turn the call over to Barry McCarthy.

Morning, everyone. Thanks for joining us. In a break with tradition, I invited Leslie Berlin to join us, knowing that growth is on everyone's mind. And this begins a process whereby in future calls from time to time, you can expect me to invite into the room other operating executives so that you have an opportunity to gain exposure to them and they have an opportunity to gain exposure to you and you can hear firsthand from them about different aspects of how the business is being operated. And with that, we'll open the phones to questions, Josh.