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.
Interactive fitness platform provider Peloton Interactive, Inc. PTON stock jumped during premarket trading on Thursday after the company reported better-than-expected fourth-quarter results.
Peloton Interactive Inc (NASDAQ: PTON) jumped 10% in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter, indicating that the embattled connected fitness company may finally be starting to get hold of its long-standing struggles under the interim CEO.
Peloton Interactive Inc. eked out quarterly revenue growth for the first time in 2½ years, and the connected-fitness company's stock was surging in Thursday's premarket action.
Peloton reports a fiscal fourth-quarter adjusted loss of 8 cents a share, narrower than the year-earlier loss of 68 cents.
Peloton has returned to sales growth for the first time in nine quarters. The connected fitness company posted quarterly results that came in well ahead of expectations and delivered a mixed outlook for the year ahead.
Peloton was a fad stock during the coronavirus pandemic. It tried to shift gears, going from an exercise equipment maker to an exercise subscription service.
Peloton Interactive's investors will look for updates on its CEO appointment and efforts to grow subscribers in fiscal 2025 when the fitness equipment maker reports results on Thursday.
Peloton's (PTON) fourth-quarter fiscal 2024 performance is likely to have been hurt by dismal Connected Fitness Products revenues.
Besides Wall Street's top -and-bottom-line estimates for Peloton (PTON), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.