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Segment Information
 9 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company applies ASC 280, Segment Reporting, in determining reportable segments. The Company has two reportable segments: Connected Fitness Products and Subscription. Segment information is presented in the same manner that the chief operating decision maker ("CODM") reviews the operating results in assessing performance and allocating resources. The CODM reviews revenue and gross profit for both of the reportable segments. Gross profit is defined as revenue less cost of revenue incurred by the segment.

No operating segments have been aggregated to form the reportable segments. The Company does not allocate assets at the reportable segment level as these are managed on an entity wide group basis and, accordingly, the Company does not report asset information by segment.
The Connected Fitness Products segment derives revenue from sale of the Company's portfolio of Connected Fitness Products and related accessories, delivery and installation services, branded apparel, and extended warranty agreements. The Subscription segment derives revenue from monthly Subscription fees. There are no internal revenue transactions between the Company’s segments.

Key financial performance measures of the segments including Revenue, Cost of revenue, and Gross profit are as follows:
Three Months Ended March 31,Nine Months Ended March 31,
2022202120222021
(in millions)
Connected Fitness Products:
Revenue
$594.4 $1,022.9 $1,891.9 $2,494.4 
Cost of revenue
662.3 732.5 1,848.1 1,659.5 
   Gross profit
$(67.9)$290.4 $43.8 $834.8 
Subscription:
Revenue
$369.9 $239.4 $1,011.6 $590.6 
Cost of revenue
117.8 84.8 327.2 227.0 
   Gross profit
$252.1 $154.5 $684.4 $363.6 
Consolidated:
Revenue
$964.3 $1,262.3 $2,903.4 $3,085.0 
Cost of revenue
780.1 817.4 2,175.3 1,886.6 
   Gross profit
$184.2 $444.9 $728.2 $1,198.4 
Reconciliation of Gross Profit
Operating expenditures, interest income and other expense, and taxes are not allocated to individual segments as these are managed on an entity wide group basis. The reconciliation between reportable Segment Gross Profit to consolidated (loss) income before tax is as follows:
Three Months Ended March 31,Nine Months Ended March 31,
2022202120222021
(in millions)
Segment Gross Profit
$184.2 $444.9 $728.2 $1,198.4 
Sales and marketing(227.7)(208.2)(860.8)(500.3)
General and administrative(242.3)(180.6)(731.3)(430.3)
Research and development(77.1)(69.8)(274.6)(153.9)
Goodwill impairment(181.9)— (181.9)— 
Impairment expense and loss on disposals(32.5)— (42.5)— 
Restructuring expense(158.5)— (158.5)— 
Total other expense, net
(19.2)(4.0)(43.8)(0.5)
(Loss) income before provision for income taxes
$(755.0)$(17.7)$(1,565.0)$113.4