Why Peloton (PTON) Stock Is Down Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 5.4% in the afternoon session after the company reported weak first quarter 2025 results which included an EBITDA beat, but revenue was merely in line and full-year EBITDA guidance fell slightly short of expectations. Revenue declined 13% year over year, weighed down by a 27% drop in hardware sales, even as subscription revenue held steady and churn remained low. Overall, this was a softer quarter, and the market needs more convinci