Peloton Returns to Profit as Subscription Growth and New Partnerships Fuel Turnaround Push - Tekedia

Peloton posted fiscal Q3 revenue of $630.9 million and net income of $26.4 million, beating estimates and returning to profit.

Subscription revenue and free cash flow improved, and Peloton raised the low end of its full-year revenue guidance.

The company is leaning harder into subscriptions and partnerships, including a Spotify deal, to support its turnaround.

A weak spot remained: paid connected fitness subscribers declined year over year.