Peloton Reportedly Lays Off 11% Workforce

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Peloton Interactive Inc. (PTON) has reportedly slashed 11% of its workforce in a bid to cut costs at the company.

Bloomberg reported on Friday, citing a person familiar with the matter, that CEO Peter Stern informed staff of the move. The workforce reduction mostly impacts engineers working on technology and enterprise-related efforts, the report said.

PTON shares closed down 2% in the regular trading session and edged 1% lower after hours.

Get updates to this developing story directly on Stocktwits.

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Peloton cuts 11% of workforce as CEO Stern aims to reduce costs - Bloomberg

Investing.com

Investing.com -- Peloton Interactive Inc. (NASDAQ:PTON) has reduced its workforce by 11% as part of a broader cost-cutting initiative, according to a Bloomberg News, citing a person familiar with the matter.

CEO Peter Stern, who assumed leadership of the fitness technology company last year, informed employees about the layoffs on Friday. The job cuts primarily affect engineers working on technology and enterprise-related projects, said the person, who asked not to be identified discussing private information.

The workforce reduction comes just days before Peloton is scheduled to release its quarterly earnings report next week.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Peloton Interactive, Inc. Announces Date of Second Quarter Fiscal 2026 Earnings Release and Conference Call

GlobeNewswire

Peloton Interactive

-0.69%

NEW YORK, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. will release its second quarter fiscal 2026 financial results before the U.S. stock market opens on Thursday, February 5, 2026. The company will host a conference call and live audio webcast to discuss the financial results at 8:30 a.m. ET that day.

Peloton’s management will answer select questions from retail and institutional investors that are related to the company’s business updates and quarterly financial results. If you would like to submit a question for consideration, please use the questionnaire form.

A live audio webcast of the conference call will be available on the company’s investor relations website at https://investor.onepeloton.com/news-and-events/events.

For those unable to participate in the conference call live, a replay will be available on the investor relations page of the company's website for 30 days.

About Peloton

Peloton provides Members with world-class equipment, ground-breaking software, expert human instruction, and the world’s most supportive fitness community. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.

Investor Relations Contact:

investor@onepeloton.com

Media Contact:

press@onepeloton.com

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Wolfe places 2 stocks on its Tactical Outperform List

Investing.com

Investing.com -- Wolfe Research has added 2 new stocks to its Tactical Outperform list, citing a favourable near-term earnings setup for both companies.

Peloton Interactive and Snap are the stocks in question.

For Peloton, analyst Shweta Khajuria wrote that Wolfe sees the stock as “a near-term Long as FQ2 and FQ3 setup looks friendly and we believe the Street is under-appreciating PTON’s ability to deliver FY’26 EBITDA upside beyond the company’s guidance range.”

Wolfe said it is “10% above the Street” on FY 2026 EBITDA, forecasting $503 million versus company guidance of $425 million to $475 million.

Wolfe highlighted G&A cost reductions and gross margin expansion as key contributors to expected improvement.

“PTON shares are trading at 6x our FY’26 EBITDA estimate, and we view this risk/reward as attractive against this upside,” the note said. The firm added that despite EBITDA estimates being revised “up by over 80% in FY’25 and FY’26,” the stock’s multiple has “de-rated by ~40%.”

On Snap, Wolfe issued a tactical outperform call, also stating, “We see SNAP as a near-term Long as Q4:25 and Q1:26 EPS setup looks friendly.”

The firm added that it is “13% above the Street’s $1.036B EBITDA estimate” for FY 2026, pointing to infrastructure cost savings and benefits from the company’s partnership with Perplexity.

Wolfe noted that Snap’s shares trade at “13x our FY’26 EBITDA estimate,” calling the valuation appealing relative to expected earnings momentum.

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Q3 Earnings Roundup: Peloton (NASDAQ:PTON) And The Rest Of The Consumer Discretionary Segment

Stock Story

American Outdoor Brands

PLAYSTUDIOS, Inc. Warrant

+33.33%

Peloton Interactive

-0.69%

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Peloton and the rest of the consumer discretionary stocks fared in Q3.

This sector includes everything from cable TV services to hotel stays to gym memberships. While diverse, the way people buy and experience these products is being upended by the internet and digitization. Consumer discretionary companies are working to adapt to secular trends such as streaming video, online marketplaces for lodging accommodations, and connected fitness. That discretionary purchases are, by definition, something consumers can give up makes it even more imperative for companies in the space to adapt.

The consumer discretionary stocks we track reported a satisfactory Q3. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.

Luckily, consumer discretionary stocks have performed well with share prices up 25.2% on average since the latest earnings results.

Peloton

Started as a Kickstarter campaign, Peloton is a fitness technology company known for its at-home exercise equipment and interactive online workout classes.

Peloton reported revenues of $550.8 million, down 6% year on year. This print exceeded analysts’ expectations by 2.1%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

"In this quarter leading up to the launch of our new equipment lineup and Peloton IQ, our team once again demonstrated the power of disciplined execution and focus," said Peloton CEO Peter Stern.

Peloton delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 2% since reporting and currently trades at $6.25.

Best Q3: American Outdoor Brands

Spun off from Smith and Wesson in 2020, American Outdoor Brands is an outdoor and recreational products company that offers outdoor and shooting sports products but does not sell firearms themselves.

American Outdoor Brands reported revenues of $57.2 million, down 5% year on year, outperforming analysts’ expectations by 12.3%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 8.1% since reporting. It currently trades at $8.35.

Weakest Q3: PlayStudios

Founded by a team of former gaming industry executives, PlayStudios offers free-to-play digital casino games.

PlayStudios reported revenues of $57.65 million, down 19.1% year on year, falling short of analysts’ expectations by 3%. It was a disappointing quarter as it posted a miss of analysts’ daily active users estimates and a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 23.4% since the results and currently trades at $0.70.

Read our full analysis of PlayStudios’s results here.

G-III

Founded as a small leather goods business, G-III is a fashion and apparel conglomerate with a diverse portfolio of brands.

G-III reported revenues of $988.6 million, down 9% year on year. This print missed analysts’ expectations by 2.3%. Zooming out, it was a mixed quarter as it also produced a beat of analysts’ EPS estimates but a miss of analysts’ Wholesale revenue estimates.

The stock is up 6.5% since reporting and currently trades at $31.59.

Read our full, actionable report on G-III here, it’s free for active Edge members.

fuboTV

Originally launched as a soccer streaming platform, fuboTV is a video streaming service specializing in live sports, news, and entertainment content.

fuboTV reported revenues of $377.2 million, down 2.3% year on year. This number topped analysts’ expectations by 4.9%. It was a stunning quarter as it also logged a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is down 30.6% since reporting and currently trades at $2.63.

Read our full, actionable report on fuboTV here, it’s free for active Edge members.

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Peloton Interactive Initiated at Neutral by Guggenheim

Dow Jones Newswires

Peloton Interactive

-0.69%

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PTON: New products, AI coaching, and cost discipline drive growth and engagement, with stable churn

Quartr

Peloton Interactive

-0.69%

Significant strategic changes included new product launches, AI-powered coaching, and expanded distribution. Early results show increased member engagement, stable churn despite price hikes, and improved gross margins. Plans include further cost savings, refinancing debt for flexibility, and a focus on total wellness.

Based on Peloton Interactive, Inc. [PTON] Morgan Stanley Global Consumer & Retail Conference 2025 Audio Transcript — Dec. 3 2025

Disclaimer

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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