Reported about 2 months ago
Peloton Interactive announced its fourth-quarter revenue reached $643.6 million, exceeding Wall Street's estimate of $630.5 million, leading to a more than 10% increase in its shares during premarket trading. This growth, the first since Q2 FY22, was attributed to strategic partnerships and its bike rental program, following a challenging sales period post-pandemic. The company also posted an adjusted core profit of $70.3 million, a significant improvement from last year’s loss.
Source: YAHOO