Fitness-Equipment Maker Peloton Reports Unexpected Q4 Sales Growth First Time Since 2022, Positive EBITDA Since 2021
PTONPeloton(PTON) Benzinga·2024-08-22 21:06

Interactive fitness platform provider Peloton Interactive, Inc. PTON stock jumped during premarket trading on Thursday after the company reported better-than-expected fourth-quarter results.The company reported sales of 643.6million,upmarginallyby0.2643.6 million, up marginally by 0.2% year over year, beating the consensus of 630.5 million and outperforming the company’s 618million618 million-643 million implied guidance range.“We achieved modest Y/Y revenue growth in Q4 for the first time since Q2 FY22”, the company said.The subscription seg ...