Reported about 2 months ago
Peloton's stock surged by 44% after their recent financial results revealed a slight year-over-year growth in revenue, marking the end of a lengthy decline. However, the company's net losses persist, and it anticipates further subscriber declines in the upcoming fiscal year. Despite a brief positive trend, analysts suggest caution as Peloton continues to struggle with its equipment sales and ongoing subscriber losses.
Source: YAHOO