Peloton Surges on Strong Earnings, Revised Guidance
Peloton Interactive (PTON) reported better-than-expected revenue and adjusted earnings for the second quarter of fiscal 2025.
Key Metrics:
* Revenue: $673.9 million (down 9% YoY, above consensus: $655.17 million)
* Adjusted EBITDA: $58.4 million (double analyst estimates: $27.8 million)
Q3 and Full-Year Guidance Tops Estimates:
* Q3 Adjusted EBITDA: $70-$85 million (consensus: $50 million)
* Full-Year Adjusted EBITDA: $300-$350 million (consensus: $275.14 million)
Despite reporting a larger-than-expected loss ($92 million), Peloton's forecast for the current quarter and fiscal year boosted investor confidence. The company acknowledged challenges but expressed optimism for future growth.
CEO's Message:
"We see significant opportunities ahead, but we have a steep hill to climb to reach sustained, profitable growth," said Peloton in a shareholder letter.
Peloton shares surged over 14% on Thursday, continuing their upward trajectory from the past year.