Shares of Peloton swelled by more than 36% on Thursday, pacing the exercise machine company's largest single-day percentage gain since going public in 2019, after the company reported year-over-year revenue growth for the first time in two years—though Peloton's market cap is still well below an all-time high reached during the pandemic.
Peloton Interactive, which suffered mounting losses when people returned to their old workout habits after the pandemic, reported a slight uptick in sales.
Peloton Interactive (PTON) shares raced more than 35% higher in intraday trading Thursday after the company posted year-over-year quarterly revenue growth for the first time in more than two years.
Earlier this year, Peloton unveiled a broad restructuring plan that included cutting global headcount by 15%, closing more retail outlets and changing its international sale plan.
Peloton Interactive, Inc.'s fiscal Q4 2024 earnings exceeded expectations, showing the company's resilience despite challenges. Despite shrinking revenue and high debt, Peloton's updated guidance has led to a stock upgrade to a buy. Peloton's valuation at approximately 6x forward free cash flow may present an opportunity for investors willing to take a contrarian stance.
Peloton Interactive (NASDAQ: PTON ) just reported results for the fourth quarter of 2024. Peloton Interactive reported earnings per share of -8 cents.
Peloton's (PTON) fourth-quarter fiscal 2024 top line is hurt by dismal Connected Fitness revenues.
Peloton just accomplished something it hasn't done in more than three years. The company's shift in focus from revenue growth to profitability is starting to pay off.
Although the revenue and EPS for Peloton (PTON) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Peloton Interactive Inc (NASDAQ:PTON) announced smaller-than-expected losses of 8 cents per share for the second quarter, in addition to a revenue beat as sales grew for the first time in over two years.
Connected fitness company Peloton said it will start charging a one-time $95 activation fee for new subscribers that bought used hardware on the secondary market. The Bike and Tread maker said the secondary market is an "important source" of new members.
Peloton (PTON) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.68 per share a year ago.