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July 15, 2020, 1:11 p.m. EDT

Consumer use of fitness apps is surging among Americans, new survey results show

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By Jon Swartz

Video-conferencing services like Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM +5.15% aren't the only tech tools seeing a rise in use since the outbreak of COVID-19. Some 41% of Americans used a fitness app for the first time during quarantine and over half (56%) are so confident in their home workouts that they plan to cancel their gym memberships, according to a survey of 2,000 people from Freeletics, a provider of AI-based fitness and lifestyle coaching. The survey was conducted by OnePoll. The average American used two fitness apps and took four online fitness classes during lockdown. The exercise-at-home movement is reflected in the stock performance of leading fitness vendors. Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON -0.43% shares have soared 119% this year, while those of Fitbit Inc. /zigman2/quotes/202323205/composite FIT +1.74% are up 5%. By comparison, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.05% is down 0.4% in 2020.

/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 492.60
+24.13 +5.15%
Volume: 16.44M
Sept. 22, 2020 4:00p
P/E Ratio
634.06
Dividend Yield
N/A
Market Cap
$133.24 billion
Rev. per Employee
N/A
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/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 94.39
-0.41 -0.43%
Volume: 43.46M
Sept. 22, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$27.37 billion
Rev. per Employee
N/A
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/zigman2/quotes/202323205/composite
US : U.S.: NYSE
$ 6.42
+0.11 +1.74%
Volume: 2.84M
Sept. 22, 2020 4:01p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.71 billion
Rev. per Employee
$887,590
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/zigman2/quotes/210599714/realtime
US : S&P US
3,315.57
+34.51 +1.05%
Volume: 2.36B
Sept. 22, 2020 5:07p
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