Market Overview

Peloton Reports First Sales Beat As A Public Company

Peloton Reports First Sales Beat As A Public Company

Peloton (NASDAQ: PTON) on Tuesday released its first quarterly results as a public company, with first-quarter 2020 sales at $228 million, which beat the analyst consensus estimate of a $196.86 million estimate.

The company reported subscribers were up 103% for the period.

Full-year sales guidance came in a range of $1.45 billion to $1.50 billion versus analyst estimates for $1.35 billion.

Peloton listed its shares on the Nasdaq in September. Peloton is an interactive fitness platform with a community of over 1.4 million members. The company pioneered connected, technology-enabled fitness and streams immersive, instructor-led boutique classes for its members. Peloton said it makes fitness entertaining while fostering social connections.

Peloton shares were trading up 6% at $26.07 in Tuesday’s pre-market session. The stock has a 52-week high of $27.98 and a 52-week low of $20.46.

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