A Peloton bike is displayed at a Dick's Sporting Goods in Daly City, California (Justin Sullivan/Getty Images)

Peloton surges after revenue beat, continuing the stock’s march higher

Peloton is soaring Thursday morning after its first earnings report under new management.

2/6/25 9:09AM

Peloton shares spiked on Thursday after the company released an upbeat earnings report that has Wall Street hopeful that it’s inching back toward profitability.

The company made progress toward cutting costs and reducing its debt levels even as its revenue, which is now more from subscriptions than it is from selling bikes, continues to slip. The pandemic-era darling hasn't reported a profitable quarter since 2020.

Peloton reported revenue of $674 million for the quarter, compared to the $652 million analysts polled by FactSet were expecting. But the company posted a per-share loss of $0.24, worse than the $0.20 the Street was expecting.

The company also said it expects adjusted earnings before interest, taxes, depreciation, and amortization to total $70 million to $85 million in its next quarter, compared to the $52 million analysts expected.

The quarterly report is its first under new management. Peter Stern, a former Ford executive and the cofounder of Apple Fitness+, joined as CEO in January.

Peloton’s stock has been on the road to recovery of late. Remember: it was reported that private equity firms were circling the company for a potential takeover when it was near rock-bottom prices about nine months ago. Back then, the stock was at $3.54. This morning in the premarket, it’s trading at $8.99, which puts it up 19% on the morning and up 154% since the reports that PE was mulling a bid.

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Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

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