The earnings call reflects a positive outlook with significant achievements in financial performance, debt reduction, and strategic innovations, despite facing challenges in subscription growth and anticipating headwinds from tariffs and costs.

Company Guidance

During Peloton's Fourth Quarter Fiscal Year 2025 earnings call, the company reported exceeding its key financial performance goals for Q4 and the fiscal year. The firm generated $607 million in total revenue, surpassing its guidance by $21 million, with $199 million from Connected Fitness products and $408 million from subscription revenue. It achieved a total gross margin of 54.1%, an increase of 560 basis points year-over-year. The company also reported $324 million in free cash flow, a $409 million year-over-year increase, and reduced net debt by $343 million or 43% year-over-year. Peloton aims to capture an additional $100 million in run-rate cost savings by FY 2026 and has announced plans to expand its offerings in strength, mental well-being, sleep, and nutrition to support members' wellness journeys. The company is also focusing on increasing its global presence through new store openings and partnerships, such as the successful launch of Peloton Repowered and special pricing programs for various groups, including students and military personnel. For fiscal 2026, Peloton projects total revenue between $2.4 billion to $2.5 billion, with a total gross margin of around 51% and adjusted EBITDA between $400 million to $450 million.

Exceeded Financial Performance Goals

Peloton exceeded all key financial performance goals for Q4 and fiscal 2025, achieving $324 million of free cash flow, an increase of $409 million year-over-year.

Substantial Debt Reduction

The company materially deleveraged its balance sheet, reducing net debt by $343 million or 43% year-over-year.

Innovations and New Market Strategies

Peloton launched new initiatives such as Peloton Repowered for used equipment, special pricing programs for students and professionals, and opened new micro stores to expand market presence.

Strong Adjusted EBITDA Growth

Adjusted EBITDA was $140 million in Q4, a 99% improvement year-over-year.

Gross Margin Improvement

Total gross margin was 54.1%, an increase of 560 basis points year-over-year.

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.