Peloton revenue topped expectations and the company returned to profitability, but investors remain cautious about its turnaround effort.
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Peloton revenue topped expectations and the company returned to profitability, but investors remain cautious about its turnaround effort.
Planet Fitness (PLNT) and Peloton (PTON) both reported quarterly earnings results, with the former cutting its outlook while the latter posted a profit. Yahoo Finance Senior Reporter Brooke DiPalma talks more about the "K-shaped fitness economy" in the video above.
Moby summary of Peloton Interactive, Inc.'s Q3 2026 earnings call
Shares of Peloton Interactive (NASDAQ:PTON) are climbing 11% to $5.76 in premarket trading on Thursday, May 7, after the connected fitness company posted a swing to GAAP profitability and lifted its full-year outlook. The bid follows an 8-K filed at 6:59 a.m. ET and an earnings call that began at 8:30 a.m. ET. The pop ... Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
There are some surprises for investors: Spotify, Robinhood, and SoFi all dropped after results failed to impress.
Spotify's share price dropped 14% this week after the company reported first-quarter earnings, and the stock is now down 42% from its all-time high.
The music company behind Lady Gaga and Taylor Swift said revenue for the three months to the end of March grew 8.1% on year at constant currency to 2.90 billion.