Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019.

PelotonCEO Barry McCarthy told investors Wednesday he doesn't care that the company is losing money on its Bike, Tread and Row equipment.

In Peloton's fiscal second quarter of 2023, ended Dec. 31, the exercise equipment company lost $42.8 million on its connected fitness products, bringing the division's gross margin to negative 11.2%.

When asked about how the app, which features on-demand workout classes from the company's pseudo-celebrity instructors, fits into the exercise equipment company's overall strategy, McCarthy said his primary goal is to expand Peloton's total market share by reaching a user base that it hasn't been able to access before.

Peloton CEO Barry McCarthy told investors he isn't concerned that its Bikes, Treads and Rows lost money during its holiday quarter.

McCarthy touted the company's mobile app, which features on-demand fitness classes from Peloton instructors.