Peloton Interactive, Inc. (PTON) Presents at 2026 Baird Global Consumer, Technology & Services Conference Transcript
Peloton (PTON +2.12%) is turning things around.
The stock has climbed more than 40% since then, as the market has seemingly begun to buy into the idea that the company's long-running turnaround effort may finally be gaining traction.
Peloton Interactive NASDAQ: PTON executives said the company returned to year-over-year revenue growth in its fiscal third quarter and is moving from a turnaround phase toward what CEO and President Peter Stern described as “strategic optionality,” supported by stronger cash flow, lower net debt and expanding revenue streams beyond at-home connected fitness subscriptions.
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Peloton delivered strong Q3 results, with revenue of $631M, gross margin at 51.9%, and significant free cash flow improvement. PTON's subscriber churn normalized to 1.2%, and paid connected fitness subscriptions stabilized, signaling a potential inflection in core metrics. Management plans to refinance high-interest debt and may consider buybacks or M&A, leveraging improved cash flow and a cleaner balance sheet.
Peloton Interactive, Inc. (PTON) Q3 2026 Earnings Call Transcript
The headline numbers for Peloton (PTON) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Peloton (PTON) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to a loss of $0.12 per share a year ago.
Peloton raised the low end of its annual sales guidance range after revenue ticked up in the fiscal third quarter.
You'll now be able to access workouts in the same place you stream music.
Spotify is partnering with Peloton to launch a fitness category with more than 1,400 classes available for Premium users globally. This is Spotify's first push into wellness as it looks to boost engagement and unlock new monetization beyond music and podcasts.