Peloton Stock Surges on Solid Revenue, Upbeat Adjusted Profit Forecast

Peloton Interactive shares jumped Thursday after the exercise equipment maker’s second-quarter revenue and adjusted earnings forecast topped analyst estimates.

Peloton (PTON) said on Thursday that it generated $673.9 million in revenue for the second quarter of fiscal 2025, down 9% from the same time a year ago but above the $655.17 million analyst consensus compiled by Visible Alpha. Peloton lost $92 million in the quarter, larger than the $68.2 million loss analysts had expected.

After accounting for a number of one-time costs, Peloton reported an adjusted EBITDA of $58.4 million, just over double the $27.8 million analysts had expected.

Q3, Full Year Adjusted EBITDA Forecasts Top Estimates

The stationary bike and treadmill maker’s forecast for the current quarter and the rest of the fiscal year also topped estimates. Peloton said it expects adjusted EBITDA of $70 million to $85 million for the third quarter, and $300 million to $350 million for the full year, up $60 million at each end from its previous range. Each topped the $50 million and $275.14 million consensus estimate.

The quarter is Peloton’s first since announcing new CEO Peter Stern in its October report, though the quarter ended a day before Stern officially took over at the start of 2025.

“We see significant opportunities ahead, but we have a steep hill to climb to reach sustained, profitable growth,” the company said in its quarterly letter to shareholders.

Peloton shares were up over 14% Thursday, to nearly double their price 12 months ago.