Fitbit marches on with strong Q1 sales growth
by Jak Phillips | 06 May 2016
The new smartwatch-inspired Fitbit Blaze was a key driver of growth / Fitbit
Fitbit reported sales of US$505m for the first quarter of 2016 – a 50 per cent increase on Q1 2015 – prompting the fitness tracking giant to raise profit guidance for the rest of the year.
The company shook off potential lawsuits around the accuracy of its fitness trackers to sell 4.8 million connected health and fitness devices in the first quarter, with 70 per cent of revenue coming from the US market.
The new smartwatch-inspired Fitbit Blaze – which the company unveiled at this year’s CES Show in January – has sold one million units since it launched and accounted for 47 per cent of the company's Q1 revenue.
Having floated on the New York Stock Exchange last June, the company had welcome news for investors, announcing an increase in forecasts for Q2 revenue (between $565m to $585m), in addition to the positive profit outlook.
“The strong growth and defensibility of our business continues to be powered by product innovation, the network effects of our community, our expanding global distribution, and investment in our brand,” said James Park, Fitbit co-founder and CEO.
“Based on the first quarter’s performance and momentum, we are confident about the remainder of the year, which is reflected in our increased guidance.”
To read an interview with Fitbit’s Gareth Jones about motivating people through challenges and rewards – from the June 2015 edition of Health Club Management – click here.
Fitbit wearable tech sales Fitbit Blaze Q1 earnings
Fitbit reported sales of US$505m for the first quarter of 2016 – a 50 per cent increase on Q1 2015 – prompting the fitness tracking giant to raise profit guidance for the rest of the year. The company shook off potential lawsuits around the accuracy of its fitness trackers to sell 4.8 million connected health and fitness devices in the first quarter, with 70 per cent of revenue coming from
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by Magali Robathan | 19 Jun 2026
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by Liz Terry | 04 Jun 2026
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Bob Rogers hands BRC to long-serving leadership team
by Liz Terry | 04 Jun 2026
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Work is underway in Madrid on one of Europe’s most significant multi-functional complexes, combining sport, entertainment, culture and education.
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by Helen Andrews | 28 May 2026
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by Helen Andrews | 22 May 2026
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Famed London nightclub, Tramp, launches Tramp Health
by Liz Terry | 19 May 2026
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First look: Miraval opens on the Red Sea in Saudi Arabia
by Helen Andrews | 15 May 2026
Miraval The Red Sea has opened on Shura Island in Saudi Arabia as part of The Red Sea Project. The development is the first Miraval-branded property outside the US. This site is the fourth Miraval resort in the world – following US-based properties in Arizona, Texas and Massachusetts. Hyatt bought Miraval from previous owners Steve Case and investor KSL in 2017 and has also started putting its Life in Balance
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by Liz Terry | 13 May 2026
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by Helen Andrews | 06 May 2026
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by Helen Andrews | 02 May 2026
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by Magali Robathan | 21 Apr 2026
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by Magali Robathan | 18 Apr 2026
The much-anticipated V&A East Museum has opened in Stratford, east London, UK. Designed by architects O’Donnell + Tuomey, the new branch of the Victoria & Albert Museum (V&A) is a cornerstone of the East Bank cultural complex in the Queen Elizabeth Olympic Park Intended as a legacy for the 2012 London Olympics, the project was inspired by the cultural boom in South Kensington after the 1851 Great Exhibition and London's
David Geffen galleries open at LACMA
by Magali Robathan | 21 Apr 2026
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New venue The Lands by Capella includes a longevity centre to complement sister hotel Capella Sydney
by Helen Andrews | 20 Apr 2026
The heritage-listed Department of Lands building in Sydney, Australia, has relaunched as a major cultural and events destination, as part of a mixed-use redevelopment of two iconic buildings known collectively as the Sandstone Precinct. Singapore-based Pontiac Land Group owns the property, as well as the building next door that was the former Department of Education building. The two-phase restoration project has seen Pontiac turn the Department of Education building into
World of Frozen launches at Disneyland Paris
by Magali Robathan | 16 Apr 2026
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by Helen Andrews | 13 Apr 2026
The Mandarin Oriental Hotel Group has revealed plans to expand its presence in Egypt with the renovation and operation of two historic hotel properties and the brand’s first-ever luxury river cruise. In 2022, Mandarin Oriental announced it would open its first Egyptian property, Mandarin Oriental Shepheard in Cairo. The hotel is undergoing a comprehensive renovation and is due to open in 2027. Ownership and development The river cruise, Old Cataract
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by Helen Andrews | 27 Mar 2026
Holistic design and architecture practice Mendil + Meyer, based in Arizona in the US, has introduced a new division called Lām Concepts to integrate and align wellness goals for projects before they reach the design stage. Ben Meyer, architect and co-founder of Mendil + Meyer, told Spa Business exclusively about the new division: “Lām comes from the word loam, meaning fertile ground – the place where conditions are right for
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