Peloton: Big Cost Improvement, Decent CEO Hiring, More Upside Ahead
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Peloton's Q3 earnings surpassed expectations with $115 million adjusted EBITDA, driven by cost cuts and strong revenue and subscriber growth. The company raised its 2025 fiscal year adjusted EBITDA guidance, indicating potential for further upside. New CEO Peter Stern aims to grow subscribers while maintaining cost discipline.
November 11, 2024 | 4:30 pm
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Peloton's Q3 earnings exceeded expectations with $115 million adjusted EBITDA, driven by cost cuts and strong revenue and subscriber growth. The company raised its 2025 fiscal year adjusted EBITDA guidance, indicating potential for further upside. New CEO Peter Stern aims to grow subscribers while maintaining cost discipline.
Peloton's better-than-expected Q3 earnings and raised guidance for 2025 suggest strong financial health and potential for growth. The appointment of a new CEO with a strong background further supports the positive outlook. These factors are likely to positively impact Peloton's stock price in the short term.
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