Obviously there's a mix-shift issue (new cohorts are bigger than old cohorts), but still people LOVE using Peloton (from the S-1): On average, our Connected Fi

Obviously there's a mix-shift issue (new cohorts are bigger than old cohorts), but still people LOVE using Peloton (from the S-1): On average, our Connected Fitness Subscribers completed 7.5, 8.4, and 11.5 workouts per month in fiscal 2017, 2018, and 2019, respectively. Usage drives value and loyalty, which is evidenced by our exceptional weighted-average 12-month Connected Fitness Subscriber retention rate of 95% across all fiscal year cohorts since fiscal 2016.