US EditionPeloton to Cut More Jobs, Forecasts Strong 2026 Revenue; Shares Rise
NEW YORK, AUG 7 – Peloton posted a net income of $21.6 million in Q4 and plans $100 million in cost cuts in fiscal 2026 to support growth under CEO Peter Stern's strategy.
- Peloton Interactive posted a surprise profit on Thursday, Aug. 7, surpassing expectations of a 5-cent loss per share and outlining CEO Peter Stern's growth plans.
- Amid post-pandemic challenges, Peloton Interactive has since January, Peter Stern kicked off a turnaround to cut costs, stabilize operations, and generate free cash flow.
- On a year-over-year basis, Peloton Interactive achieved net income of $21.6 million and connected fitness revenue of $198.6 million, surpassing expectations.
- Following the earnings, Peloton Interactive shares gained 10% in premarket trading as Eric Sheridan maintained a Neutral rating and cut his price target to $7, while Dana Telsey kept a Market Perform rating with an $8 target.
- Looking ahead, Peloton Interactive plans to expand from one micro-store to 10 and grow its secondary marketplace, Stern wrote, "Internationally, we plan to deliver local, in-language experiences using a mix of native instruction, AI dubbing, and more flexible approaches to music for thousands of classes.
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Peloton to cut more jobs, forecasts strong 2026 revenue; shares soar
(Reuters) -Peloton Interactive forecast 2026 revenue above estimates and said it would cut 6% of its global workforce to boost cost savings under an ongoing turnaround effort, sending the exercise-bike maker’s shares up nearly 23% premarket. The company also posted a surprise profit for the fourth quarter. The layoffs, along with plans to slash indirect costs and relocate some offices, are expected to help save an additional $100 million by the …
Peloton to cut more jobs, forecasts strong 2026 revenue; shares rise
Peloton Interactive forecast 2026 revenue above estimates and said it would cut 6 per cent of its global workforce to boost cost savings under an ongoing turnaround effort, sending the exercise-bike maker's shares more than 11 per cent higher. The company also posted a surprise fourth-quarter profit on Thursd
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