Peloton Interactive, which suffered mounting losses when people returned to their old workout habits after the pandemic, reported a slight uptick in sales.
Peloton Interactive (PTON) shares raced more than 35% higher in intraday trading Thursday after the company posted year-over-year quarterly revenue growth for the first time in more than two years.
Earlier this year, Peloton unveiled a broad restructuring plan that included cutting global headcount by 15%, closing more retail outlets and changing its international sale plan.
Peloton Interactive, Inc.'s fiscal Q4 2024 earnings exceeded expectations, showing the company's resilience despite challenges. Despite shrinking revenue and high debt, Peloton's updated guidance has led to a stock upgrade to a buy. Peloton's valuation at approximately 6x forward free cash flow may present an opportunity for investors willing to take a contrarian stance.
Peloton just accomplished something it hasn't done in more than three years. The company's shift in focus from revenue growth to profitability is starting to pay off.
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