Peloton Interactive Stock News

Peloton Interactive Inc (NASDAQ:PTON) is to start charging people who buy bikes second-hand so they can use them. Users will have to hand over a US$95 (£72) “activation fee” for access to its fitness platform.

J.P. Morgan analyst Doug Anmuth downgrades shares of Peloton to Neutral from Overweight.

24/7 Wall St. Insights Peloton Interactive Inc. (NASDAQ: PTON) shares surged after its earnings beat.

Some people who buy their Peloton exercise machines second hand will face a "used equipment activation fee," the fitness company announced.

Peloton Interactive reports fourth-quarter revenue of $643.6m, exceeding analysts' expectations

Total revenue for fiscal 2024 Q4 was $643.6 million, just above management's guidance range. Free cash flow of $26 million was in line with management's expectations.

Despite a solid financial footing and promising strategic innovations, Peloton's fourth-quarter results reported Thursday (Aug. 22) expose a troubling reality: a dramatic plunge in subscription numbers.

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.