Peloton Reports Surprise Profit and Announces Layoffs Amid Turnaround Efforts
Peloton Interactive reported a surprise profit for the fourth quarter and fiscal year 2025, surpassing Wall Street's expectations on both revenue and earnings. The company's strong results led to its shares rising nearly 23% before the market opened.
To further improve its financial performance, Peloton announced a new cost-cutting plan aimed at saving $100 million. A significant part of these savings will come from laying off 6% of its global workforce.
Peloton also forecasted strong revenue growth for fiscal year 2026, which contributed to the positive investor response.
The company will discuss its financial results in detail during a conference call and webcast for shareholders.
Peloton's stock surged because the company reported a surprise profit and announced cost-cutting measures, including layoffs, as well as strong revenue projections for next year.
Peloton plans to save $100 million by reducing expenses, including laying off 6% of its staff.
You can visit Peloton's investor relations website or join their conference call and webcast for more information.
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