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Peloton rises on strong quarterly results, upbeat profit outlook

By Reuters News

** Shares of fitness products maker Peloton PTON.O rise ~10% to $6 premarket after Q1 results

** Co expects Q2 revenue of $625 mln-$650 mln, midpoint above avg est of $633.9 mln, per LSEG data

** Sees Q2 adjusted EBITDA at $85 mln-$100 mln

** Q1 revenue of $559.2 mln beats est of $553.7 mln

** Q1 EPS of $0.19 vs $0.03 a year ago

** Co keeps FY27 revenue view of $2.30 bln-$2.40 bln, midpoint slightly below avg est of $2.36 bln

** Q1 adjusted EBITDA up 42% to $167.8 mln

** Q1 gross margin of 61.3% vs co's guidance of 57%

** Ending paid connected fitness subscriptions fall 9% to 2.5 mln

** As of last close, stock down 11.4% YTD

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