Peloton Interactive Stock News

Peloton Interactive Inc  (NASDAQ:PTON) announced smaller-than-expected losses of 8 cents per share for the second quarter, in addition to a revenue beat as sales grew for the first time in over two years.

Connected fitness company Peloton said it will start charging a one-time $95 activation fee for new subscribers that bought used hardware on the secondary market. The Bike and Tread maker said the secondary market is an "important source" of new members.

Peloton Interactive Inc (NASDAQ: PTON) jumped 10% in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter, indicating that the embattled connected fitness company may finally be starting to get hold of its long-standing struggles under the interim CEO.

Peloton Interactive Inc. eked out quarterly revenue growth for the first time in 2½ years, and the connected-fitness company's stock was surging in Thursday's premarket action.

Peloton reports a fiscal fourth-quarter adjusted loss of 8 cents a share, narrower than the year-earlier loss of 68 cents.

Peloton has returned to sales growth for the first time in nine quarters. The connected fitness company posted quarterly results that came in well ahead of expectations and delivered a mixed outlook for the year ahead.

Peloton Interactive beat Wall Street estimates for fourth-quarter revenue on Thursday, driven by the fitness-equipment maker's partnerships and bike rental program, sending its shares up more than 10% in premarket trading.

NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) has announced its financial results for fourth quarter and full year fiscal 2024. Please visit the Peloton investor relations website to view the shareholder letter. Today the company will host a conference call and live audio webcast to discuss the results at 8:30 a.m. ET.