Peloton falls after downbeat forecast, wider-than-expected Q2 loss

Peloton Interactive

05/02/2026 12:47

** Shares of Peloton Interactive PTON.O decline 11.2% to $5.26 in premarket trading

** The maker of fitness products forecast Q3 revenue between $605 million and 625 million, below analysts' average estimate of $638.4 million - LSEG-compiled data

** Total membership fell 6% YoY in Q2

** Co says CFO Liz Coddington to step down after March

** Reports a Q2 loss of 9 cents per share, wider than analysts' expected loss of 6 cents per share

** Posts quarterly revenue of $656.5 million vs. estimates of $674.3 million
** PTON trades at a forward 12-month P/E of 26.97 vs. industry median of 18.99

** Of 21 brokerages tracking the stock, 11 rate it "buy" or higher, 9 "hold" and one "sell"; their median PT is $9.60 - LSEG-compiled data

** In 2025, PTON slumped 29.2%

 (Reporting by Abhinav Parmar)

 ((Abhinav.Parmar@thomsonreuters.com;))