Finding a narrative in the market more challenging than Peloton's (NASDAQ:PTON) recent performance is difficult. Once celebrated as one of Wall Street's favorites during the pandemic, the connected-fitness innovator has experienced a significant decline in its share price—falling approximately 30% over the last 12 months and trading close to its lowest levels in several years.
PTON posts $67M in first-quarter fiscal 2026 free cash flow, beating expectations, but management implies about $30M from timing-related benefits.
Peloton offers a compelling contrarian value play, trading at just 6.8x EV/FY26 adjusted EBITDA amid improving churn and product innovation. PTON's new commercial product launches, including the Pro lineup and AI coaching assistant, are set to drive growth and refresh cycles into 2026. Subscription churn rates have improved to 1.6%, with rising engagement and a favorable shift toward premium products supporting future revenue expansion.
Peloton's business is in the best shape it has ever been in. Despite this, the company trades near its lowest market cap ever. The market is not pricing in PTON's growth opportunities.
PTON's Peloton IQ and Cross-Training Series boost personalized guidance and usage, signaling a shift toward a broader wellness ecosystem.
Peloton Interactive, Inc. (PTON) Presents at Morgan Stanley Global Consumer & Retail Conference 2025 Transcript
Peloton enters fiscal 2026 with rising free cash flow momentum as margin gains, cost cuts and a stronger hardware mix lift confidence.
PTON jumps 15.4% in six months as stronger execution, high-margin products and new wellness tech fuel optimism despite ongoing revenue pressure.
Peloton boosts its EBITDA outlook on stronger cost controls and cash flow, but falling subscriptions test the strength of its recovery momentum.
Peloton Interactive, Inc. ( PTON ) Q1 2026 Earnings Call November 6, 2025 5:00 PM EST Company Participants James Marsh - Senior VP & Head of Investor Relations Peter Stern - CEO, President & Director Liz Coddington - Chief Financial Officer Conference Call Participants Andrew Boone - Citizens JMP Securities, LLC, Research Division Arpine Kocharyan - UBS Investment Bank, Research Division Marni Lysaght - Macquarie Research Shweta Khajuria - Wolfe Research, LLC Bryan Smilek - JPMorgan Chase & Co, Research Division Susan Anderson - Canaccord Genuity Corp., Research Division Presentation Operator Thank you for standing by. My name is Karen, and I will be your conference operator today.
Peloton Interactive Inc (NASDAQ:PTON) shares jumped nearly 5% on Friday afternoon after the company reported stronger-than-expected fiscal first quarter 2026 earnings and issued an upbeat outlook for the coming quarters. For the September quarter, Peloton posted revenue of $550.8 million, beating Wall Street estimates of $539.6 million.
A month into the launch of its latest product line, Peloton is dealing with a recall of some of its older bikes. The fitness company said in a Thursday (Nov.