The earnings call highlighted strong financial improvements with significant free cash flow and debt reduction, complemented by strategic innovations and leadership enhancements. However, these were tempered by declines in subscriptions and revenue, alongside ongoing restructuring and tariff challenges.

Company Guidance -

Q1 2026

In the Peloton Interactive Fourth Quarter Fiscal Year 2025 Earnings Call, the company provided robust guidance, emphasizing sustained growth and profitability. Peloton achieved $324 million in free cash flow, reducing net debt by 43% year-over-year. The company ended the quarter with 2.8 million Paid Connected Fitness subscriptions, despite a slight decrease due to seasonal factors. Total revenue was $607 million, surpassing expectations, with a gross margin of 54.1%. The company announced a strategic focus on expanding offerings in strength, mental well-being, sleep, and nutrition, aiming to evolve from a cardio-centric fitness partner to a comprehensive wellness partner. Peloton plans to capture an additional $100 million in cost savings by FY '26, alongside exploring new growth avenues, including commercial business expansion and content innovation. The company expects total revenue for fiscal 2026 to be between $2.4 billion and $2.5 billion, reflecting an inflection towards growth as they adapt pricing strategies and introduce exciting product updates.

Record Free Cash Flow

Generated $324 million of free cash flow, an increase of $409 million year-over-year, marking significant financial health improvement.

Balance Sheet Improvement

Reduced net debt by $343 million or 43% year-over-year, showing strong deleveraging efforts.

Gross Margin Expansion

Total gross margin was 54.1%, an increase of 560 basis points year-over-year, driven by improved margins in both Connected Fitness products and subscription services.

New Leadership Hires

Welcomed new Chief Marketing Officer from Apple and Chief Communications Officer from Fleishman Hillard, enhancing leadership team.

Innovative Product Launches

Launched Peloton Repowered for buying and selling used equipment, and new micro stores, expanding retail presence.

Commercial Expansion

Integrated Precor and Peloton for business, forming a new commercial business unit to enhance presence in 80,000 locations.

Cost Savings Achieved

Surpassed target with $200 million of run rate cost savings achieved by end of fiscal 2025.

Peloton Interactive (PTON) Earnings, Revenues Date & History

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PTON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2026 (Q1)	0.01 / -	0	―	―	―
Aug 08, 2025	2025 (Q4)	-0.07 / 0.05	-0.08	162.50% (+0.13)	―
May 08, 2025	2025 (Q3)	-0.07 / -0.12	-0.45	73.33% (+0.33)	―
Feb 06, 2025	2025 (Q2)	-0.20 / -0.24	-0.54	55.56% (+0.30)	―
Oct 31, 2024	2025 (Q1)	-0.15 / 0.00	-0.44	―	―
Aug 22, 2024	2024 (Q4)	-0.17 / -0.08	-0.68	88.24% (+0.60)	―
May 02, 2024	2024 (Q3)	-0.36 / -0.45	-0.79	43.04% (+0.34)	―
Feb 01, 2024	2024 (Q2)	-0.54 / -0.54	-0.98	44.90% (+0.44)	―
Nov 02, 2023	2024 (Q1)	-0.34 / -0.44	-1.2	63.33% (+0.76)	―
Aug 23, 2023	2023 (Q4)	-0.41 / -0.68	-3.68	81.52% (+3.00)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PTON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$7.11	$7.84	+10.27%
May 08, 2025	$6.98	$6.51	-6.73%
Feb 06, 2025	$7.58	$8.49	+12.01%
Oct 31, 2024	$6.65	$8.50	+27.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.