Peloton Stock Up on Q4 Earnings and Revenue Beat
Peloton Interactive, Inc. (NASDAQ: PTON) reported fourth-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Following the results, the company’s shares increased 12% in the pre-market trading session on Aug 22.
Earnings and Revenues
PTON reported an adjusted loss per share of 8 cents, narrower than the Zacks Consensus Estimate of a loss of 18 cents. In the prior-year quarter, the company had reported an adjusted loss of 68 cents per share. Revenues for the quarter under review came in at $643.6 million, beating the Zacks Consensus Estimate of $626 million. The metric was almost flat year over year.
It reported Connected Fitness segment revenues of $212.1 million, down 4% year over year. However, Subscription revenues increased 2% year over year to $431.4 million.
Peloton Interactive, Inc. Price, Consensus and EPS Surprise
Peloton Interactive, Inc. price-consensus-eps-surprise-chart | Peloton Interactive, Inc. Quote
Operating Metrics
At the close of the quarter, Peloton recorded 2.98 million Ending Paid Connected Fitness Subscriptions, marking a 75 thousand net decline. The average …
Full story available on Benzinga.com