Overview
- Fiscal Q2 revenue of about $656.5–657 million and a $0.09 loss per share missed Wall Street estimates.
- Peloton guided Q3 revenue to $605–$625 million and trimmed full-year sales to $2.40–$2.44 billion, both below consensus.
- Paid connected fitness subscriptions fell about 7% year over year to roughly 2.661 million, with holiday demand for the revamped hardware line softer than expected after October price increases.
- Profitability targets improved as adjusted EBITDA reached $81 million in Q2, with guidance of $120–$135 million for Q3 and $450–$500 million for the full year, supported by January's 11% workforce reduction.
- Shares dropped roughly 20%–25% to 18‑month lows, and CFO Liz Coddington will leave the company in March.