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Peloton Shares Plunge 29% On Sharply Wider Q3 Loss, Weak Q4 Revenue Outlook

Peloton Interactive, Inc. (PTON) reported Tuesday a third-quarter net loss attributable to common stockholders of $757.1 million or $2.27 per share, sharply wider than $8.6 million or $0.03 per share in the prior-year quarter.

Total revenue for the quarter declined to $964.3 million from $1.26 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.83 per share on revenues of $973.02 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company expects total revenues in a range of $675 million to $700 million on Ending Connected Fitness Subscriptions in the range of 2.98 million. The Street is looking for revenues of $821.68 million for the quarter.

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