Peloton Beats Revenue Estimates, Raises 2025 Profit Forecast

The fitness company reports progress in cost-cutting and subscription growth but faces challenges in hardware sales and subscriber retention.

Peloton reported Q2 revenue of $673.9 million, exceeding Wall Street estimates but marking a 9% decline from the previous year.
The company posted a net loss of $92 million, or $0.24 per share, missing analysts' expectations of an $0.18 per share loss.
Adjusted EBITDA for the quarter was $58.4 million, more than double analyst projections, driven by significant cost reductions in marketing, administration, and R&D.
Peloton raised its fiscal year 2025 adjusted EBITDA forecast to $300 million–$350 million, up from its previous range of $240 million–$290 million.
New CEO Peter Stern, who began in January, is focusing on subscription-based revenue, operational efficiencies, and partnerships like Costco to drive long-term growth.