Peloton is trading down 13.11% at $5.79 after investors focused on weaker fiscal 2027 revenue guidance despite fourth-quarter earnings and revenue beats.
- Management projected fiscal 2027 revenue of $2.3 billion-$2.4 billion, below the $2.43 billion consensus, while paid connected-fitness subscriptions fell 8.8% year over year.
- Hardware revenue declined 14%, reinforcing concerns that profitability is coming mainly from cost control and subscriptions rather than renewed equipment demand.