Peloton beats estimates on revenue as higher subscription prices offer a boost

The Peloton Tread+ and Bike+ during a media preview at Peloton headquarters in New York, US, on Tuesday, Sept. 30, 2025. Gabby Jones | Bloomberg | Peloton posted fiscal third-quarter earnings results Thursday that beat Wall Street expectations on revenue but fell slightly short on earnings per share. The company touted growth in equipment sales and subscription revenue as helping to drive its sales and profitability, with free cash flow up nearly 60%. "The first order of business in earnings is reporting how you did financially, and we feel like that was a pretty good quarter in terms of where we are strategically," CEO Peter Stern told CNBC. Here's how the company performed in its quarter ended March 31, compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 6 cents vs. 7 cents expected Revenue: $630.9 million vs. $617.6 million expected The company's net income for the quarter was $26.4 million, or 6 cents per share, up from a loss of $47.7 million, or 12 cents per share, in the year-ago period. Sales came in at $630.9 million, up roughly 1% from $624 million a year earlier. For the full fiscal year, Peloton said it projects total revenue of between $2.42 billion and $2.44 billion, lifting the lower end of the guidance range it provided last quarter. …