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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
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
Operating expenses:        
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 0.0 181.9 0.0
Impairment expense and loss on disposals on long-lived assets 32.5 0.0 42.5 0.0
Restructuring expense 158.5 0.0 158.5 0.0
Total operating expenses 920.0 458.6 2,249.4 1,084.4
(Loss) income from operations (735.8) (13.7) (1,521.2) 113.9
Other expense, net:        
Interest expense (9.1) (4.9) (26.5) (5.7)
Interest income 0.2 1.6 1.1 6.7
Foreign exchange losses (11.5) (0.7) (19.1) (1.5)
Other income, net 1.2 0.0 0.7 0.0
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
Income tax expense (benefit) 2.1 (9.1) 7.5 (10.8)
Net (loss) income (757.1) (8.6) (1,572.4) 124.2
Net (loss) income attributable to Class A and Class B common stockholders $ (757.1) $ (8.6) $ (1,572.4) $ 124.2
Net (loss) income per share attributable to common stockholders, basic (in dollars per share) $ (2.27) $ (0.03) $ (4.96) $ 0.43
Net (loss) income per share attributable to common stockholders, diluted (in dollars per share) $ (2.27) $ (0.03) $ (4.96) $ 0.36
Weighted-average Class A and Class B common shares outstanding, basic (in shares) 333,864,579 295,646,824 317,245,844 292,276,299
Weighted-average Class A and Class B common shares outstanding, diluted (in shares) 333,864,579 295,646,824 317,245,844 348,094,379
Other comprehensive (loss) income:        
Net unrealized losses on marketable securities $ 0.0 $ (0.6) $ (0.4) $ (3.2)
Change in foreign currency translation adjustment (5.6) (2.0) (3.5) 7.2
Derivative adjustments:        
Net unrealized loss on hedging derivatives (3.6) 0.0 (4.7) 0.0
Reclassification for derivative adjustments included in Net (loss) income 1.4 0.0 0.9 0.0
Total other comprehensive (loss) income (7.9) (2.6) (7.8) 4.0
Comprehensive (loss) income (765.0) (11.2) (1,580.2) 128.2
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
Operating expenses:        
Goodwill impairment     181.9  
Subscription        
Revenue 369.9 239.4 1,011.6 590.6
Cost of revenue $ 117.8 $ 84.8 $ 327.2 $ 227.0