🔴 Peloton is trading 13% down in pre-market after fiscal 2027 revenue forecast falls short

Peloton is trading 13.04% down at $5.67 now after fiscal fourth-quarter results pointed to slowing demand and a cautious fiscal 2027 outlook.

• Revenue and earnings beat expectations, and Peloton reported its first profitable fiscal year.
• Management expects fiscal 2027 revenue to decline, while paid Connected Fitness subscriptions continued falling.
• Bloomberg reported projected revenue of $2.3 billion-$2.4 billion, below analyst expectations.