Overview

• Peloton reported a Q3 loss of 12 cents per share, larger than analysts' estimate of 6 cents, as equipment sales fell 27%.
• Quarterly revenue totaled $624 million, down 13% year-over-year but slightly exceeding Wall Street estimates.
• The company raised its 2025 revenue forecast to $2.46 billion–$2.47 billion and adjusted core profit outlook to $330 million–$350 million.
• Paid memberships dropped by about half a million to 6.1 million, while app-based subscription growth expectations were trimmed by 30,000.
• CEO Peter Stern, in his first earnings report, emphasized Peloton's ongoing shift from hardware to software, focusing on live and on-demand workout subscriptions.