Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership

May 7, 2026

Shares of Peloton Interactive (NASDAQ:PTON) are climbing 11% to $5.76 in premarket trading on Thursday, May 7, after the connected fitness company posted a swing to GAAP profitability and lifted its full-year outlook. The bid follows an 8-K filed at 6:59 a.m. ET and an earnings call that began at 8:30 a.m. ET.

The pop is notable against PTON stock’s recent trend. Shares closed at $5.20 on May 6, leaving the stock down roughly 16% year to date (YTD) and about 26% lower over the past year.

Today’s reaction is also a sharp departure from Peloton’s typical post-earnings pattern. Historical miss reactions have averaged a 16% day-of decline, suggesting investors are looking past the bottom-line miss to focus on the turnaround signals. yahoo!finance