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Peloton Stock Surges on Solid Revenue, Upbeat Adjusted Profit Forecast
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Key points
- Workout equipment companies reported better revenue and adjusted earnings than expected, with Peloton’s stock surged on Thursday.
- The fixed bike and treadmill manufacturer says it has a “steep hillside that can be climbed to achieve sustained, profitable growth”.
- The company’s forecast for the third-quarter and full-year adjusted EBITDA also exceeded its estimates.
Peloton Interactive shares jumped Thursday after analyst estimates for the highest second-quarter revenue and adjusted earnings forecasts for sports equipment manufacturers.
Peloton(column) said Thursday it reported revenues of $673.9 million in the second quarter of fiscal 2025, down 9% from the same period last year, but above the $655.17 million analyst consensus of the visible Alpha compilation. Peloton lost $92 million in the quarter, more than analysts expected $68.2 million.
After considering multiple one-time charges, Peloton reported the adjusted EBITDA The $58.4 million price exceeded twice the $27.8 million analysts expected.
Q3, adjust the highest estimate of EBITDA forecast throughout the year
Fixed bike and treadmill manufacturers also exceeded their estimates for the rest of the quarter and fiscal year. Peloton said it expects EBITDA to be adjusted to $70 million to $85 million in the third quarter, and $300 million to $350 million for the full year, with its stock increasing by $60 million from its previous range. Everyone has exceeded the consensus estimate of $50 million and $275.14 million.
This quarter is the first since Peloton Announces new CEO Peter Stern In Its October Reportalthough the quarter ended the day before its official takeover in early 2025.
“We see a huge opportunity, but we have a steep hill to climb to achieve sustained, profitable growth,” the company said in a quarterly letter to shareholders.
Peloton shares rose more than 14% on Thursday, almost 12 months ago.
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