Peloton Delivers Soft Guidance on Subscriber Losses

August 6, 2026

Peloton Interactive reported profit improvement on flattish revenue in its fiscal fourth quarter ended June 30, but also issued soft revenue guidance for fiscal 2027 as subscriber losses continue to deepen.

For the full 2027 fiscal year, Peloton guided to total revenue of $2.3 billion to $2.4 billion, below the $2.43 billion consensus and a decline at the midpoint of 3.9 percent from $2,45 billion reported for FY26. Adjusted EBITDA is expected in the range of $475 million to $525 million, up 6.8 percent year-over-year at the midpoint, and total gross margin of approximately 54.0 percent, up 140 basis points year-over-year.

For the fiscal first quarter, Peloton guided to total revenue of $545 million to $565 million, below the $566.7 million consensus and $550.8 million reported in the year-ago quarter. It expects adjusted EBITDA of $135 million to $145 million, up 18.4 percent year-over-year at the midpoint, and total gross margin of approximately 57.0 percent, up 550 basis points year-over-year.  SGB Media