Peloton Exceeds Revenue Estimates in Q3, Driven by Subscription and Equipment Sales
Peloton reported fiscal third-quarter revenue that beat Wall Street estimates, driven by growth in equipment sales and subscription revenue. The company also improved profitability, with free cash flow rising nearly 60%. CEO Peter Stern highlighted the strategic value of subscription price increases.
Tickers: $PTON
Topics: earnings equipment sales profitability revenue subscriptions