Quarterly sales undershoot at Peloton, shares slump

5th Feb 2026 12:32

(Sharecast News) - Shares in Peloton Interactive crashed on Thursday, despite the US exercise firm boosting its full-year outlook, after second-quarter numbers missed targets.

Total revenues fell 3% to $656.5m, missing consensus, as connected fitness subscriptions slid 7% to 2.66m.

The three months to December end is typically Peloton's strongest quarter.

The net loss narrowed to $38.8m from $92m, however, while adjusted earnings before interest, tax, depreciation and amortisation jumped 39% at $81.4m.

As well as revamping its products, including increasing the use of artificial intelligence, the firm has looked to cut costs, including plans announced last month to lay off around 11% of its workforce.

Looking to current trading, Peloton flagged ongoing softness, with subscriptions expected to fall 8% and total revenues by 1%.

For the full year, Peloton trimmed revenue guidance to between $2.4bn and $2.4bn, but lifted it for adjusted EBITDA to between $450m and $500m.

As at 1430 GMT, the stock had shed 19% in pre-market trading.

Peter Stern, chief executive, said: "Our second quarter represented the most substantial period of innovation at Peloton since our founding. At the same time, our financial performance demonstrated our continued operational discipline.

"We're driving positive momentum across the business."